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EURUSD Daily Forecast: June 13

Tuesday, June 12, 2018 21:41
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EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1733. The bias is bearish in nearest term. However, the bullish correction bias remains valid and price is still inside my “buy zone” with a tight stop loss below 1.1725. Immediate resistance is seen around 1.1800. A clear break above that area could lead price to neutral zone in nearest term but would keep the current bullish correction bias remains strong testing 1.1850 – 1.1925 region (daily EMA 200). On the downside, a clear break and daily close below 1.1725 would reactivate my bearish mode with nearest target seen around 1.1640.



Source: https://fxinstructor.com/blog/eurusd-daily-forecast-june-13-7

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