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EURUSD Daily Forecast: October 03

Sunday, October 2, 2016 20:14
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(Before It's News)

EURUSD Forecast    
The EURUSD was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term. Immediate resistance is seen around 1.1275. A clear break above that area could trigger further bullish pressure testing 1.1350 which is a good place to sell with a tight stop loss. Immediate support is seen around 1.1200 – 1.1180. A clear break below that area could trigger further bearish pressure testing 1.1125 region which is a good place to buy with a tight stop loss. Overall I remain neutral as price has been moving sideways without clear direction in the last few months.

eurusdh4

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