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EURUSD Daily Forecast: June 19

EURUSD Daily Forecast: June 19
Monday, June 19th, 2017 @ 5:13 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 was indecisive last week. The bias is neutral in nearest term. Overall I remain bullish, but need a clear break above 1.1285 to continue the bullish scenario targeting 1.1350 – 1.1425 region. Immediate support is seen around 1.1160, but key support remains at 1.1080 which is a good place to buy with a tight stop loss as a clear break below that area  would continue the false breakout (above 1.1285) bearish pullback scenario, testing 1.0900 region and the major trend line support as you can see on my H4 chart below.

eurusdh4

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