Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

EURUSD Daily Forecast: January 09

Sunday, January 8, 2017 22:03
% of readers think this story is Fact. Add your two cents.

EURUSD Forecast    
The EURUSD had another indecisive movement last week. As you can see on my H1 chart below, price slipped above the trend line resistance but moving back below the trend line, suggests a potential false breakout bearish scenario. The bias is bearish in nearest term testing 1.0500. A clear break below that area would give further confirmation to the false breakout bearish scenario testing 1.0450/00 area. Immediate resistance is seen around 1.0575. A clear break above that area could lead price to neutral zone in nearest term testing 1.0615 key resistance.



We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.