EURUSD Forecast The EURUSD had a bearish momentum yesterday bottomed at 1.0494. The bias is bearish in nearest term testing the lower line of the bearish channel and 1.0450 support area which is a good place to buy with a tight stop loss as a clear break and daily close below that area would expose 1.0350 region. Immediate resistance is seen around 1.0550. A clear break above that area could lead price to neutral zone in nearest term testing 1.0600 area which is a good place to sell with a tight stop loss. Overall I remain neutral.
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I believe right now, it’s really so many things to look at. I always feel comfortable with long term trades, it’s easier with OctaFX since they have got amazing swap free account where I am not much worried about paying overnight charges and keeps it all working extremely nicely for me in every way and brings out the best for me. It keeps me extremely comfortable and relaxed with working and brings serious profits too which is a lot contributed due to the comfort.