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| EUR/USD Daily Forecast
Tue, November 11 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 attempted to push higher yesterday, topped at 1.2508 but whipsawed to the downside and hit 1.2408 earlier today. The bias is bearish in nearest term testing 1.2356. Immediate resistance is seen around 1.2450 followed by 1.2500 which located around the hourly EMA 200 as you can see on my hourly chart below. As long as stays inside the bearish channel I remain bearish with nearest weekly target seen around 1.2285 area. 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! | | | | | | | |