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EURUSD Daily Forecast: July 14

EURUSD Daily Forecast: July 14
Friday, July 14th, 2017 @ 2:47 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. The bias is neutral in nearest term probably with a little bearish bias but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. We have an interesting fact as you can see on my H4 chart below, where the H4 EMA 200 provides a valid and strong support during the bullish run, a good place to buy this pair, located around 1.1285 area. Immediate resistance is seen around 1.1455. A clear break above that area could trigger further bullish pressure testing 1.1500 – 1.1530 or higher. On the downside, a clear break and daily/weekly close below 1.1285 would interrupt the bullish outlook.


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