Written by Bahagian Pentadbiran in
| EUR/USD Daily Forecast
Thu,April 21, 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 bullish momentum yesterday, broke above 1.4518 and hit 1.4581 earlier today in Asian session. Just like previous breakouts (see h4 chart below), the current strong breakout above 1.4518 could continue the bullish scenario testing 1.4700 - 1.4800. The bias remains bullish in nearest term. Immediate support at 1.4518. A clear break below that area would lead us to neutral zone in nearest term testing 1.4480/50 support area but the major scenario remains strongly bullish. 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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