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EURUSD Daily Forecast: January 09

EURUSD Daily Forecast: January 09
Wednesday, January 9th, 2019 @ 5:09 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 bullish momentum stalled just below 1.1500 key resistance yesterday. The bias is neutral in nearest term. Key resistance remains at 1.1500 which remains a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 1.1585 – 1.1625 major resistance. Immediate support is seen  around 1.1422 (yesterday’s low) followed by 1.1395. Overall price is still trapped between 1.1500 – 1.1215 range area and we need a clear break from that range area to see clearer direction.

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