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EURUSD Daily Forecast: September 05

EURUSD Forecast    
The Eurusd was indecisive last week. Price attempted to push higher topped at 1.1252 but whipsawed to the downside and closed lower at 1.1155 and now back below H1 EMA 200 as you can see on my H1 chart below. This fact keeps the bearish phase after failed to break above 1.1350 remains intact. The bias is bearish in nearest term testing 1.1125. A clear break and daily close below that area could trigger further bearish pressure targeting 1.1000. Immediate resistance is seen around 1.1200 but key resistance remains around 1.1250. My major technical outlook remains neutral.

eurusdhourly



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: September 05

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