| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
EURUSD Daily Forecast: October 28
Tuesday, October 27, 2015 19:03
% of readers think this story is Fact. Add your two cents.
EURUSD Forecast
The EURUSD was indecisive yesterday. The bias remains 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, the lower line of the bullish channel remains a key support at this phase. A clear break below the bullish channel and 1.1000 support area would activate my bearish mode targeting 1.0800 area. Fundamental focus will be on the FOMC statement which expected to be a market catalyst.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-october-28-5
It’s nearly 4 months since EUR/USD has been rolling in this range since these are pretty neutral, it is hard to say where it’s going to land tomorrow, but one thing is very much certain that we can definitely make it big if we get these things right, I trade with OctaFX broker where I am able to understand everything well especially with their daily market news and analysis system which helps me know the trends and all the stuff better.