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EURUSD Daily Forecast: August 10

EURUSD Daily Forecast: August 10
Friday, August 10th, 2018 @ 4:15 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 had a bearish momentum yesterday after failed to break above the lower line of the triangle as you can see on my H4 chart below, bottomed at 1.1525 and hit 1.1517 earlier today in Asian session. The bias is bearish in nearest term testing 1.1500 key support which need to be clearly broken to the downside to resume the major bearish trend testing 1.1435/00 region. Immediate resistance is seen around 1.1575. A clear break above that area could lead price to neutral zone in nearest term testing 1.1625 area.

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