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EURUSD Daily Forecast: October 28

Thursday, October 27, 2016 19:09
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EURUSD Forecast    
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term but as long as stay below 1.0950 price is still in a bearish phase. Immediate support is seen around 1.0850/25 area. A clear break and daily/weekly close below that area could trigger further bearish pressure with nearest target seen around 1.0700 next week. On the upside, a clear break and daily/weekly close back above 1.0950 would expose 1.1050. Overall I remain neutral.

eurusdhourly

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