FXInstructor.com Daily Forecasts with Setyo Wibowo

EURUSD Forecast
The EURUSD attempted to push lower yesterday, bottomed at 1.3704 but whipsawed to the upside, closed at 1.3801 and hit 1.3837 earlier today in Asian session. The bias remains bullish in nearest term retesting the key resistance 1.3860. In a broader outlook as you can see on my h4 chart below the Euro seems to be in a very good technical condition to continue the bullish scenario since the bullish running from 1.2873 especially if price able to make a convincing close above 1.3860 key resistance this week, which would open the door for further bullish scenario targeting 1.4000 even 1.4200 – 1.4300 in longer term. Immediate support at 1.3785. A break below that area could lead us to neutral zone retesting 1.3715/00. ...

EURUSD Forecast
The EURUSD continued its bullish momentum yesterday, topped at 1.3785 and closed at 1.3749. Price is now moving above 1.3743 resistance area suggests potential further upside pressure testing 1.3860 key resistance area. However note that overall price still trapped in wide range area 0f 1.3860 – 1.3420 and need a clear break above 1.3860 to continue the bullish scenario targeting 1.4000 – 1.4200 region. Immediate support at 1.3715. A Clear break below that area would change the intraday bias to bearish testing 1.3650 and keep price in the range market a little bit longer.



GBPUSD Forecast
The GBPUSD attempted ...

EURUSD Forecast
The EURUSD attempted to push lower yesterday, hit my bearish target at 1.3530 but whipsawed to the upside and hit 1.3711 earlier today in Asian session. This fact keeps the bullish intraday bias since bounced from 1.3428 remains intact, but note that h4 chart outlook remains sideways between 1.3800/60 – 1.3420. Immediate resistance at 1.3715. A clear break above that area could trigger further upside pressure but watch out for another resistance around 1.3743 which need to be clearly broken to the upside to continue the intraday bullish bias testing 1.3800/60 key resistance area. On the downside, a clear move below 1.3650 support area would lead us to neutral zone in nearest term testing 1.3530 and open the door for ...

EURUSD Forecast
The EURUSD didn’t make significant movement yesterday, but corrected lower earlier today in Asian session, hit 1.3563. The growing tension in Libya and Middle East triggered risk aversion sentiment, lead Dollar higher, sent Gold back above 1400 level and Euro technical bullishness is halted. The bias is bearish in nearest term testing 1.3530. A clear break below that area could trigger further bearish pressure re-testing 1.3420 key support area. Immediate resistance at 1.3650. Clear break above that area would give the bullish scenario another chance testing 1.3743 region before testing 1.3800 – 1.3860 key resistance area.

...