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EURUSD Daily Forecast: August 30

EURUSD Daily Forecast: August 30
Tuesday, August 30th, 2016 @ 2:36 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 but overall still able to maintain its bearish intraday bias so far. Price is now struggling around 1.1180 support area (daily EMA 200). The bias remains bearish in nearest term testing 1.1100 before targeting 1.1000. Immediate resistance remains around 1.1250. A clear break and daily close back above that area could trigger further bullish pressure retesting 1.1350 region. My major technical outlook remains neutral.


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