EURUSD Daily Analysis - October 12, 2016

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 12 October 2016 02:54 UTC
EURUSD continued its downward movement from 1.1279 and the fall extended to as low as 1.1041. Further decline is still possible after a minor consolidation and next target would be at 1.1000 area. Near term resistance is at 1.1130, as long as this level holds, the downtrend will continue.

eurusd chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.