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| EUR/USD Daily Forecast
Thu, August 14 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 attempted to push higher yesterday after another failure to break below 1.3330 support area, topped at 1.3414 but closed lower at 1.3362. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 1.3440 - 1.3330. A clear break above 1.3440 and the bearish channel could be a threat to the bearish scenario. On the other hand, a clear break below 1.3330 could continue the bearish scenario testing 1.3300 - 1.3250 or lower. As long as stays inside the bearish channel I still prefer a bearish scenario at this phase. 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! | | | | | | | |