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EURUSD Daily Forecast: December 07

EURUSD Daily Forecast: December 07
Friday, December 7th, 2018 @ 4:40 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 bullish momentum yesterday topped at 1.1412 but closed a little bit lower at 1.1376. The bias is neutral in nearest term. Immediate resistance is seen around 1.1418 (the “tail” of the bearish pin bar). A clear break above that area could trigger further bullish pressure testing 1.1500 key resistance area which is a good place to sell. Immediate support is seen around 1.1350. A clear break below that area could trigger further bearish pressure testing 1.1300 – 1.1270 support area but key support remains at 1.1215 area (tweezer bottom). Fundamental focus today will be on the US NFP number.


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