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EURUSD Daily Forecast: June 30

EURUSD Daily Forecast: June 30
Tuesday, June 30th, 2009 @ 12:51 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 Daily Forecast

The EURUSD made indecisive movement yesterday. The pair attempted to push lower, bottomed at 1.3982 but closed higher at 1.4080. On h4 chart below we still have valid trendline support and as long as the trendline support hold, the key resistance level 1.4176 area remains potential upside target. The bias remains neutral both in nearest and medium term. Immediate support is seen at 1.3982 (yesterday’s low) followed by 1.3850. Break below¬† 1.3850 should trigger further bearish pressure re-testing key support level 1.3750. CCI just cross the 100 line down on h1 chart suggesting potential downside pressure.

eurusd4hchart

3 Responses to “EURUSD Daily Forecast: June 30”

  1. kenny says:

    you are just so good

  2. […] swibowo wrote an interesting post today onEURUSD Daily <b>Forecast</b>: June 30 – FX Instructor <b>Forex</b> BlogHere’s a quick excerpt […]

  3. […] swibowo wrote an interesting post today onEURUSD Daily Forecast: June 30 – FX Instructor <b>Forex</b> BlogHere’s a quick excerpt […]

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