15 Oct

Fiber good chance to BUY medium term

admin Forex Technical outlook 1 Comments

As per my previous technical analysis on Oct 12th, Fiber against bucks clear break medium term resistance also. Good chance to buy eurusd 1.1450 to 1.1480 range, immediate resistance at 1.1500 round number and next medium term resistance previous high near by 1.1700.

On the down side close support at 1.1450, 1.1317.

I recommended to when make new low buy eurusd. Right now eurusd traders sentiment eurusd strong, because Bucks Non-Farm Employment Change data, as well as yesterday Core retail sales, Producer Price Index (PPI) and Retail sales everything negative. so trader's don't expect to Bucks rate rise next month.

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