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| EUR/USD Daily Forecast
Mon, August 18 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. We have a double bottom formation on weekly chart at 1.3330 support area which need to be clearly broken to the downside to continue the bearish scenario. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 1.3330 - 1.3440. A clear break below 1.3330 could trigger further bearish scenario testing 1.3300 - 1.3250 or lower. On the other hand, a clear break above 1.3440 and the bearish channel could be an early signal of a bullish reversal scenario. 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! | | | | | | | |