Written by Bahagian Pentadbiran in
| EUR/USD Daily Forecast
Tue,April 19, 2011 | Dear Fellow Trader,
Setyo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help. | | The EURUSD had a significant bearish momentum yesterday after made a clear break below 1.4350, slipped below the bullish channel and bottomed at 1.4156. The bias remains bearish in nearest term especially if price able to stay consistently below the bullish channel and 1.4156 testing 1.4035. Although remains intact, the major bullish scenario is under a serious pressure and need another move back above 1.4350 to keep the bullish scenario strong. Immediate resistance at 1.4280 - 1.4300. A clear break above that area would lead us to neutral zone in nearest term testing 1.4350. Please click here to see how I applied my technical studies to this pair on the 4 hour chart a few minutes ago. |
| I hope you enjoyed today's forex update! If you have any questions or suggestions, reply to this email - or visit me at the FX Instructor Blog. Happy Trading! | | | Analyst Profile Living in East Java, Indonesia and holding an International Relations degree, Setyo Wibowo began his forex trading career in 2000 as a market analyst, while learning to trade forex independently on his own. to learn more about Setyo Wibowo. |
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