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EURUSD Daily Forecast: October 27

Wednesday, October 26, 2016 20:38
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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.0946 but closed lower at 1.0907. As you can see on my H1 chart below, the H1 EMA 200 provided a good resistance at this phase. Overall I remain neutral, but as long as stay below the H1 EMA 200, price is still in a bearish phase. The bias is neutral in nearest term probably with a little bearish bias testing 1.0850/00 region. Key intraday resistance is seen around the H1 EMA 200 located around 1.0950. A clear break and daily close above that area would expose 1.1000/50 region.

eurusdhourly

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