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EURUSD Daily Forecast: January 10

EURUSD Daily Forecast: January 10
Thursday, January 10th, 2019 @ 4:23 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 significant bullish momentum yesterday broke above 1.1500 key resistance and hit 1.1569 earlier today in Asian session. The bias is bullish in nearest term testing 1.1580 – 1.1625 major resistance. A clear break and daily close above that area would invalidate the major bearish trend targeting 1.1800 area. Immediate support is seen around 1.1500. A clear break and daily close below that area would create a false breakout scenario and keep the major bearish trend alive and kicking.


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