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EURUSD Daily Forecast: August 31

EURUSD Daily Forecast: August 31
Wednesday, August 31st, 2016 @ 3:05 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 moderate bearish momentum yesterday bottomed at 1.1132. The bias remains bearish in nearest term testing 1.1100 before targeting 1. 1.1000. Immediate resistance is seen around 1.1180. A clear break above that area could lead price to neutral zone in nearest term but only a clear break back above 1.1250 would interrupt the bearish phase since fell from 1.1350 region. My major technical outlook remains neutral.


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