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EURUSD Daily Forecast: October 11

EURUSD Daily Forecast: October 11
Thursday, October 11th, 2018 @ 4:25 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 bullish momentum yesterday topped at 1.1545 and hit 1.1571 earlier today in Asian session. The bullish pin bar printed on Tuesday gave us a valid bullish signal. The bias remains bullish in nearest term testing 1.1600 – 1.1650 region. Immediate support is seen around 1.1530/15 region. 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 reactivate my bearish mode targeting 1.1300 region.

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