Forex Academy Quick Links:
Language:
English

EURUSD Daily Forecast: August 11

EURUSD Daily Forecast: August 11
Friday, August 11th, 2017 @ 2:41 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

About Me My Articles

EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.1704 but closed higher at 1.1772. We have 2 consecutive bullish pin bar printed on daily chart as you can see on my daily chart below, suggests a bullish scenario. The bias is bullish in nearest term testing 1.1850 – 1.1910 region. Immediate support is seen around 1.1750. A clear break below that area could lead price to neutral zone in nearest term testing 1.1700 region but only a clear break below 1.1650 would interrupt the bullish outlook. On the upside, a clear break and daily close above 1.1910 would expose 1.2000 or higher.

eurusddaily

No Responses to “EURUSD Daily Forecast: August 11”

No comments posted yet.

Leave a Reply

Submit Your Comment

Our Global Forex Community

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Stumble Us!

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Blog Archive

Forex Links

Educational Partners

The Geek Knows
AgriMoney.com
Traders' Magazine

Finance Blogs Blogarama - The Blog Directory