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EURUSD Daily Forecast: October 25

Monday, October 24, 2016 19:01
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EURUSD Forecast    
The EURUSD was indecisive yesterday formed a Doji on daily chart. The bias remains bearish in nearest term testing 1.0825/00 region. A clear break and daily close below that area would expose 1.0715/00 area. Immediate resistance remains around 1.0910. A clear break above that area could lead price to neutral zone in nearest term testing 1.1000 region. Overall I remain neutral.

eurusdhourly

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  • The situation with EU at present is bearish and is likely to be lasting that way, but I think we could get a good chance to go for long trade because pull up is likely to be coming and that’s why we need to simply put in that extra effort and it’s going to be good enough to help us reach to good profits. I am able to do it relatively easier with broker like OctaFX where they have swap free account and it’s very handy for me.

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