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EURUSD Daily Forecast: October 05
Friday, October 5, 2012 1:41
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EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.3030. The bias is bullish in nearest term testing 1.3100 region. Immediate support is seen around 1.2970. A clear break back below that area could lead price to neutral zone in nearest term testing 1.2900 but as long as stays inside the bullish channel and above 1.2750 the major bullish scenario should remain intact. The double top bearish phase also remains intact but any downside pullback now should be seen as a corrective movement. Fundamental focus today is on the US NFP number.
2012-10-05 01:34:08
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-october-05-3
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