EURUSD Daily Forecast: October 10

(Before It's News)

EURUSD Forecast
The EURUSD had a bearish momentum yesterday and hit 1.2834 earlier today. The bias is bearish in nearest term testing 1.2800 – 1.2750 key support area. However note that as long as stays inside the bullish channel, the bullish scenario should remain intact. Immediate resistance is seen around 1.2900. A clear break above that area could lead price to neutral zone in nearest term testing 1.2950. On the downside, a clear break below the bullish channel and 1.2750 will interrupt the bullish scenario and activate my bearish intraday mode.

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