EURUSD Daily Forecast: June 20
EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1143. The bias is bearish in nearest term testing 1.1080 key support which is a good place to buy with a tight stop loss as a clear break below that area would continue the false breakout (above 1.1285) bearish phase testing 1.0900 and the major trend line support as you can see on my H4 chart below. Immediate resistance is seen around 1.1180. A clear break above that area could lead price to neutral zone in nearest term but only a clear break above 1.1285 would end the current bearish correction phase and continue the bullish scenario targeting 1.1350 – 1.1425 region.
Source: http://fxinstructor.com/blog/eurusd-daily-forecast-june-20-6
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