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EURUSD Daily Forecast: October 06

Wednesday, October 5, 2016 21:38
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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. As you can see on my H4 chart below price still move below the trend line resistance. Key support remains around 1.1125. A clear break and daily close below that area could trigger further bearish pressure testing 1.1050 or lower. Immediate resistance is seen around 1.1275. A clear break above that area could trigger further bullish pressure testing 1.1350 region which remains a good place to sell. Overall I remain neutral. Buy at supports and sell at resistances is the best strategy in this choppy market.



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