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| EUR/USD Daily Forecast
Wed, November 05 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 corrected higher yesterday topped at 1.2576. The bias is bullish in nearest term testing 1.2600 (hourly EMA 200). A clear break above that area could trigger further bullish correction but as long as stays inside the bearish channel I still prefer a bearish scenario at this phase and any upside pullback now should be seen as a normal corrective movement. Immediate support is seen around 1.2520 - 1.2500. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario remains strong testing 1.2450 - 1.2385 region. 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! | | | | | | | |