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| EUR/USD Daily Forecast
Mon, August 11 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 had another indecisive movement last week but overall still able to maintain its bearish bias and still moving inside the bearish channel as you can see on my hourly chart below. The bias is neutral in nearest term. Immediate support is seen around 1.3390. A clear break below that area could trigger further bearish pressure testing 1.3330 - 1.3300. Immediate resistance is seen around 1.3440. A clear break above that area could trigger further bullish pressure testing the upper line of the bearish channel and 1.3500 key resistance area. 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! | | | | | | | |