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| EUR/USD Daily Forecast
Mon, October 27 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 was indecisive last week. Price broke below the bullish channel, bottomed at 1.2612 but closed higher and traded back above 1.2700 earlier today. Overall I still prefer a bearish scenario at this phase, but this fact activates my wait and see mode. The bias is neutral in nearest term, probably with a little bullish bias testing 1.2770 area. Immediate support is seen around 1.2650, which need to be clearly broken to the downside to reactivate my bearish mode testing 1.2580 - 1.2500. 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! | | | | | | | |