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EURUSD Daily Forecast: October 10

Sunday, October 9, 2016 19:45
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(Before It's News)

EURUSD Forecast    
The EURUSD had another indecisive movement last week. Price slipped below 1.1125 key support but closed higher 1.1199. The bias is neutral in nearest term probably with a little bullish bias testing the trend line resistance located around 1.1275 area. A clear break and daily close above that area would expose 1.1350 which remains a good place to sell. On the downside, 1.1125 remains a key support. A clear break and daily close below that area could trigger further bearish pressure testing 1.1050 – 1.1000. Overall I remain neutral.


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