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EURUSD Daily Forecast: October 08
Monday, October 8, 2012 5:56
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EURUSD Forecast
The EURUSD regained its bullish momentum last week, topped at 1.3070 after found a good support at the daily EMA 200 around 1.2800. The bias is bullish in nearest term testing 1.3100. A clear break above that area could trigger further bullish pressure testing 1.3170 (double top). Immediate support is seen around 1.2950. A clear break below that area could lead price to neutral zone in nearest term testing 1.2900. Daily MACD almost cross above zero line suggests potential bullish while price keeps moving inside the bullish channel.
2012-10-08 05:46:12
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-october-08-2
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