Regained strength after the sharp reversal, following an upside rejection at 1.3757, found support at 1.3570. The latest fall has nearly been fully retraced, though clear break above 1.3757 to confirm. Immediate target lies at 1.3784, ahead of 1.3838, 76.4% retracement of 1.4280/1.2872...
We are back and today we expect the EURUSD to head North between the 1.28830 and 1.29125 barrier area.
Here is a Visual of our Forecast for January 11, 2011
Note that all analysis are personally edited and approved by Forex Analyst Navin Prithyani.
I will be posting our firm's Daily EURUSD forecast outlooks here. The forecasts are simple and easy to read, giving an
overview on how we expect the market to perform that very day.
Today we expect the EURUSD to proceed North above the 1.31262 to 1.31606 barrier...
EURUSD Forecast -October 29 -2009
As I had expected, the EURUSD continued it’s bearish momentum yesterday, bottomed at 1.4690 and closed at 1.4715. As you can see in my daily chart below, we area in critical technical phase where price is now testing the major trendline support. This trendline...