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EURUSD Daily Forecast: October 21

EURUSD Forecast    
The Eurusd attempted to push higher yesterday topped at 1.1039 but whipsawed to the downside and hit 1.0915. The bias is bearish in nearest term especially if price able to make a clear break below 1.0910 key support testing 1.0825 area. As you can see on my H4 chart below price is still inside my “buy zone” with tight stop loss below 1.0910. Immediate resistance is seen around 1.0970. A clear break above that area could lead price to neutral zone in nearest term testing 1.1000 – 1.1050 region. Overall I remain neutral.

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 21

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