EURUSD Daily Forecast: July 20
EURUSD Forecast
The EURUSD was corrected lower yesterday bottomed at 1.1510. The bias is neutral in nearest term probably with a little bearish bias testing a minor trend line support and 1.1500 – 1.1450 support area as you can see on my daily chart below, which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1550. A clear break above that area could trigger further bullish pressure testing 1.1615 area or higher. On the downside, a clear break and daily close below 1.1450 could trigger further bearish correction testing 1.1350 region but as long as stay above 1.1285 I remain bullish and any downside pullback should be seen as a good opportunity to buy.
Source: http://fxinstructor.com/blog/eurusd-daily-forecast-july-20-6
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