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EURUSD Daily Forecast: June 13

EURUSD Forecast    
The Eurusd was indecisive yesterday but still able to maintain its bearish correction bias after fell below the trend line support as you can see on my H4 chart below. The bias remains bearish in nearest term testing 1.1160. A clear break below that area could trigger further bearish pressure testing 1.1080 key support which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1235/50. A clear break above that area could lead price to neutral zone in nearest term testing 1.1285 key resistance which need to be clearly broken to the upside to continue the bullish scenario targeting 1.1350 or higher.

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: June 13

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