EURUSD Daily Forecast: June 10 2016

EURUSD Daily Forecast: June 10 2016

10 June 2016, 05:31
Roberto Jacobs
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EURUSD Daily Forecast: June 10 2016

EURUSD Forecast   
The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.1305. The bias is bearish in nearest term testing 1.1285. A clear break below that area could trigger further bearish pressure retesting the daily EMA 200 and the lower line of the bullish channel as you can see on my daily chart below, located around 1.1200 – 1.1150 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1350. A clear break above that area could lead price to neutral zone in nearest term testing 1.1415 – 1.1470 area.

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