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| EUR/USD Daily Forecast
Thu, November 20 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, slipped above the bearish channel as you can see on my hourly chart below but unable to break above 1.2600 resistance area and closed lower at 1.2552. The bias is neutral in nearest term. Price is in a critical point now. As long as stays inside the bearish channel I remain bearish, but a clear break above 1.2600 could be an early signal of a bullish reversal scenario testing 1.2750 - 1.2800 region. Immediate support is seen around 1.2500 (hourly EMA 200). A clear break back below that area would give the bearish scenario another chance testing 1.2450 - 1.2400. 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! | | | | | | | |