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-6-2011)
EURUSD Forecast The EURUSD had a huge bearish pullback yesterday after break below the range area, bottomed at 1.4509 and closed at 1.4557. The bias is bearish in nearest term testing 1.4450 support area which is the 23.6% Fibonacci retracement of 1.2873 – 1.4939, which also located around the lower line of the bullish channel [...]
Written on May 6, 2011 | Posted in Forex | No comment