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EURUSD Daily Forecast: October 30
Thursday, October 29, 2015 20:18
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EURUSD Forecast
The EURUSD was corrected higher yesterday and hit 1.0996 earlier today. The bias is bullish in nearest term testing 1.1000 area but overall I still prefer a bearish scenario at this phase and 1.1000 – 1.1100 region is a good place to sell with a stop loss above 1.1100 targeting 1.0800. A 1:2 risk/reward ratio plan. Immediate support is seen around 1.0940. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario after broke below the bullish channel remains strong.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-october-30-4
