EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains neutral with focus on 1.1712 cluster support (61.8% retracement of 1.1553 to 1.1960 at 1.1708). On the downside, decisive break of 1.1708/12 will indicate that rebound from 1.1553 has completed at 1.1960. In that case, deeper fall would be seen to 1.1553 and possibly below to extend the decline from 1.2091. On the upside, break of 1.1814 minor resistance will retain near term bullishness. And in that case, intraday bias will be turned back to the upside for 1.1960. Break will target 1.2091 high.

Subscribe to our Channel to receive more updates and information on Forex, Nadex and other systems that we cover.


Posted in Forex Market.

Leave a Reply

Your email address will not be published. Required fields are marked *