You are here: Home » Forex Analysis » Daily Analysis for EURUSD, 29.10.2012

Daily Analysis for EURUSD, 29.10.2012

ForexZig.com October 29, 2012

EURUSD had a bearish momentum last week and slipped below the bullish channel as we see on the four-hour chart. The signals are bearish in a nearest term, especially if the price make a clear break below 1.2890, to test 1.2850/00. The main uptrend expectations are under serious threat, but not yet in a descending pattern. The medium-term prospects enter the neutral zone with key support near 1.2750. The nearest resistance is seen at 1.2950. A clear break above that area could lead the price to neutral commercial field testing 1.2980-1.3000.

EURUSD

EURUSD, H4

 

Click here to submit your review.




Submit your review
* Required Field


Go Top