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| EUR/USD Daily Forecast
Fri, November 07 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 triangle formation as you can see on my hourly chart below and bottomed at 1.2363. The bias is bearish in nearest term testing 1.2285 area. Immediate resistance is seen around 1.2435. A clear break above that area could lead price to neutral zone in nearest term testing 1.2500 but any upside pullback now is normal and overall I remain bearish. 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! | | | | | | | |