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EURUSD Daily Forecast: June 12

Monday, June 11, 2018 20:09
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EURUSD Forecast
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. Price traded lower earlier today in Asian session, hit 1.1741. The bullish correction bias remains valid and as you can see on my H1 chart below, price is now inside my “buy zone” with a tight stops loss below the trend line support and 1.1725 as a clear break below that area would invalidate the bullish correction bias and reactivate my bearish mode retesting 1.1640 or lower. Immediate resistance is seen around 1.1800. A clear break and daily close above that area would expose 1.1850 and 1.1925 region (daily EMA 200).



Source: https://fxinstructor.com/blog/eurusd-daily-forecast-june-12-6

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