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
Daily Forex Technical Forecast (May-5-2011)
EURUSD Forecast The EURUSD made another volatile but indecisive yesterday. Price slipped above the range area, topped at 1.4939 but closed lower at 1.4826. There are no changes in my daily technical outlook. On daily chart below we can see price has been moving in a sideways condition since April 28 without consistent momentum and [...]
Written on May 5, 2011 | Posted in Forex | No comment