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EURUSD Daily Forecast: July 17

EURUSD Daily Forecast: July 17
Tuesday, July 17th, 2018 @ 4:14 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 bullish momentum yesterday slipped above 1.1695 and hit 1.1725. The bias is bullish in nearest term testing 1.1750 – 1.1790 region. The H&S formation technical target has been reached so a bullish pullback should not be a surprise and I am not in a bullish mode. Not yet. Immediate support is seen around 1.1695. A clear break back below that area could lead price to neutral zone in nearest term testing 1.1650 support area which need to be clearly broken to the downside to reactivate my bearish mode targeting 1.1600 region.

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