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EURUSD Daily Forecast: October 05

EURUSD Forecast    
The Eurusd attempted to push lower yesterday bottomed at 1.1137 but closed higher at 1.1201. The bias is neutral in nearest term probably with a little bullish bias testing a trend line resistance as you can see on my H4 chart below located around 1.1275 region. A clear break and daily close above that area could trigger further bullish pressure testing 1.1350 which remains a good place to sell. Immediate Support is seen around 1.1180 but key support remains at 1.1125. Overall I remain neutral. Buy at supports and sell at resistances is the best strategy in this choppy market.

eurusdh4



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: October 05

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