Forecasts
Forex Guides
Members

EUR/USD Update 30 Oct 12

Good day forex traders.

Time for a quick update on the EUR/USD. In the previous forecast we noted a bearish dip for the currency pair. The bearish dips are signs of returning bearish pressure for the EUR/USD.

20121030-162317.jpg

Looking at the EUR/USD 4 hourly chart above we note that a bullish test of the 1.2950 immediate resistance is back. Seems that the European opening brought back demand for the euro currency.

Do pay attention to the resistance region. Failure to clear will probably send the currency pair back towards the previous low. A bullish break may see 1.3030 next.

Trade safely.

Invest In Yourself And Get Premium Analysis
Less than 20 cents a day
Major Currency Pairs Analysis
Forex Sentiment Analysis
Understand The Market
10 days money back guarantee

View Subscription Options

Would you like to connect?
Get notifications on new forecasts and articles.

Sign up to our emailing list and get your FREE Stop Losing and Start Winning in Forex Checklist!

Trending Forex Articles

  • EUR/USD Update 30 Oct 12
  • EUR/USD Gold CorrelationEUR/USD Update 30 Oct 12
  • EUR/USD Update 30 Oct 12
  • EUR/USD Update 30 Oct 12
  • EUR/USD Update 30 Oct 12
  • EUR/USD Update 30 Oct 12
TheGeekKnows