Daily Forex Technical Forecast (Oct-26-2011)
EURUSD Forecast The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase since bounced from 1.3145 and violated the bearish channel as you can see on my daily chart below but found a good resistance around 1.3913/50. The area between 1.3913 – 1.4000 could be [...]
Written on October 26, 2011 | Posted in Forex | No comment
EUR/USD Weekly Summary (Oct-22-2011)
The EURUSD was indecisive this week. Price attempted to push lower on Tuesday and Thursday but found a strong support around 1.3670/55 before closed higher at 1.3894 on Friday. On my h4 chart below we can see price is moving in a range area between 1.3913 – 1.3670/55. However the overall technical bias remains bullish [...]
Written on October 22, 2011 | Posted in Forex | No comment