EURUSD Forecast The EURUSD continued its bearish momentum yesterday bottomed at 1.0739. The bias remains bearish in nearest term testing 1.0700 region. A clear break and daily close below that area would expose 1.0600 region as a part of the “shooting star” formation (daily chart)bearish scenario after the false break above 1.0873 on Monday. Immediate resistance is seen around 1.0785. A clear break above that area could lead price to neutral zone in nearest term testing 1.0825 area. Overall I remain neutral.
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Trading on EU can be termed easy but we need to figure out the right trend in order to gain from. I do it all confidently and easily with broker like OctaFX since they have brilliant features and facilities that include swap free account too, so one can do long term trading easily without having to worry about paying overnight charges. I enjoy it even more with their day to day market updates which are free yet effective, so helps a lot.