Recap
EURUSD we wrote: I would be very surprised if we do not see a strong recovery this week & a resumption of the longer term bull trend. Minor resistance at 1.1730/35 now beaten & is acting as support to target 1.1765/70 today. A short term pause possible here, but further gains eventually target 1.1800 & strong resistance at 1.1827/32. This will be the main challenge for bulls this week. Could not be more accurate as we shot higher to top just 2 pips from 1.1827/32.
Daily Forecast - 11 October 2017
EURUSD higher exactly as predicted to top only 2 pips from strong resistance at 1.1827/32 & the main challenge for bulls this week. A great call! Obviously 1.1827/32 is key to direction today. Profit taking is possible to 1.1800 & first support at 1.1790/85. The downside is expected to be limited but if we continue lower look for a buying opportunity at 1.1770/60, with stops below 1.1735.
A break above 1.1840 is expected eventually, but I can never know the exact timing of course. Be ready to buy in to the break if not already long targeting 1.1870/80 & probably as far as strong resistance at 1.1920/30.
Learn more at: http://www.daytradeideas.co.uk
EURUSD we wrote: I would be very surprised if we do not see a strong recovery this week & a resumption of the longer term bull trend. Minor resistance at 1.1730/35 now beaten & is acting as support to target 1.1765/70 today. A short term pause possible here, but further gains eventually target 1.1800 & strong resistance at 1.1827/32. This will be the main challenge for bulls this week. Could not be more accurate as we shot higher to top just 2 pips from 1.1827/32.
Daily Forecast - 11 October 2017
EURUSD higher exactly as predicted to top only 2 pips from strong resistance at 1.1827/32 & the main challenge for bulls this week. A great call! Obviously 1.1827/32 is key to direction today. Profit taking is possible to 1.1800 & first support at 1.1790/85. The downside is expected to be limited but if we continue lower look for a buying opportunity at 1.1770/60, with stops below 1.1735.
A break above 1.1840 is expected eventually, but I can never know the exact timing of course. Be ready to buy in to the break if not already long targeting 1.1870/80 & probably as far as strong resistance at 1.1920/30.
Learn more at: http://www.daytradeideas.co.uk