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| EUR/USD Daily Forecast
Thu, October 23 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 continued its bearish momentum yesterday, broke below the bullish channel as you can see on my hourly chart below. The bias remains bearish in nearest term testing 1.2580 - 1.2500 area. Immediate resistance is seen around 1.2670. A clear break above that area could lead price to neutral zone in nearest term testing 1.2700 - 1.2725. 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! | | | | | | | |