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EURUSD Daily Forecast: August 09

EURUSD Daily Forecast: August 09
Thursday, August 9th, 2018 @ 3:24 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 yesterday. The bias remains bullish in nearest term but the upper line of the triangle and 1.1620/30 area remains a good place to sell with a tight stop loss as a clear break above that area would expose 1.1670 – 1.1700 region. Immediate support is seen around 1.1575. A clear break below that area could lead price to neutral zone in nearest term testing 1.1500 key support area which need to be clearly broken to the downside to resume the major bearish trend.

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