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EURUSD Daily Forecast: October 10

EURUSD Daily Forecast: October 10
Wednesday, October 10th, 2018 @ 4:51 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 Forecast  
The EURUSD attempted to push lower yesterday bottomed at 1.1432 but closed higher at 1.1490, printed a bullish pin bar on daily chart and hit 1.1515 earlier today in Asian session. The bias is bullish in nearest term testing 1.1600/50 region. Immediate support is seen around 1.1485/60 area. A clear break below that area could lead price to neutral zone in nearest term but only a clear break below 1.1430 would invalidate the bullish pin bar scenario and resume the major bearish trend retesting 1.1300 area.

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