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| EUR/USD Daily Forecast
Wed, November 12 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 failed to continue its bearish momentum yesterday but still able to move below the hourly EMA 200 so far. The bias is neutral in nearest term. Immediate resistance is seen around 1.2500. A clear break above that area could trigger further bullish pullback testing 1.2550/75 and the upper line of the bearish channel but as long as stays inside the bearish channel I remain bearish targeting 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! | | | | | | | |