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EURUSD Daily Forecast: June 13

EURUSD Daily Forecast: June 13
Wednesday, June 13th, 2018 @ 4:19 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 bearish momentum yesterday bottomed at 1.1733. The bias is bearish in nearest term. However, the bullish correction bias remains valid and price is still inside my “buy zone” with a tight stop loss below 1.1725. Immediate resistance is seen around 1.1800. A clear break above that area could lead price to neutral zone in nearest term but would keep the current bullish correction bias remains strong testing 1.1850 – 1.1925 region (daily EMA 200). On the downside, a clear break and daily close below 1.1725 would reactivate my bearish mode with nearest target seen around 1.1640.

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