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EURUSD Daily Forecast: July 17

EURUSD Daily Forecast: July 17
Monday, July 17th, 2017 @ 2:44 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.

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EURUSD Forecast    
The EURUSD continued its bullish momentum last week topped at 1.1489. The bias is bullish in nearest term testing 1.1500 – 1.1530 before targeting 1.1615 area (weekly EMA 200 and 2016 high). Immediate support is seen around 1.1435. A clear break below that area could lead price to neutral zone in nearest term testing 1.1390 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy and only a clear break back below 1.1285 would interrupt the bullish outlook. On the upside, a clear break above 1.1615 would expose 1.1712 region (2015 high).

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