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EURUSD Daily Forecast: June 23

EURUSD Forecast    
The Eurusd didn’t make significant movement yesterday. The bias remains neutral in nearest term. Price is still in a bearish phase after the false breakout above 1.1285 last week, but still respects the H4 EMA 200 and 1.1080 key support as you can see on my H4 chart below. Immediate resistance is seen around 1.1200. A clear break above that area could trigger further bullish pressure retesting 1.1285 key resistance which needs to be clearly broken to the upside to continue the Bullish Scenario targeting 1.1350 – 1.1425 area. On the downside, a clear break and daily/weekly close below 1.1080 would interrupt the bullish scenario testing 1.0900 and the major trend line support next week.



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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EURUSD Daily Forecast: June 23

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