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EURUSD Daily Forecast: July 18

EURUSD Daily Forecast: July 18
Wednesday, July 18th, 2018 @ 4:08 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 attempted to push higher yesterday topped at 1.1744 but whipsawed to the downside and closed lower at 1.1660. The bias is bearish in nearest term especially if price able to make a clear break below 1.1650 testing 1.1600 – 1.1550 area as a part of the H&S bearish scenario. Immediate resistance is seen around 1.1695. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear testing 1.1750 area.

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