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| EUR/USD Daily Forecast
Tue, August 05 2014 | Dear Fellow Trader,
Setyo Wibowo 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. Enjoy!
| The EURUSD didn't make significant movement yesterday. The bias remains neutral in nearest term but as long as stays inside the bearish channel I still prefer a bearish scenario at this phase. Immediate resistance remains around 1.3440 followed by 1.3480. Immediate support is seen around 1.3400. A clear break below that area could trigger further bearish pressure testing 1.3365 - 1.3300. Please click here to see the chart. |
| | 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! | | | | | | | |