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EURUSD Daily Forecast: October 27
Monday, October 26, 2015 19:02
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EURUSD Forecast
The EURUSD was corrected higher yesterday, failed to make a clear break below the bullish channel as you can see on my H4 chart below. The bias is neutral in nearest term. Immediate resistance remains around 1.1070. A clear break above that area could trigger further bullish pressure testing 1.1150 area. On the downside, a clear break and consistent movement below the bullish channel and 1.1000 support area would activate my bearish mode targeting 1.0800 region.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-october-27-4
