Forex trading signals and analysis for EURUSD – 28 Oct 2014

Forex trading signals and analysis for EURUSD – 28 Oct 2014

Analysis:

EURUSD is moving up higher when USD is getting weaker on speculation that FED will keep rate low for an extended period after QE program end.  FOMC meeting tomorrow will determine whether EURUSD will continue to maintain its short term uptrend or not.

EURUSD need to break 1.2840 zone to move up further. In overall, medium down trend is still intact for Euro and we will wait for opportunities to get short Euro if there are solid sell signals.

EURUSDH4 - 28 Oct 2014

Forex Trading Signal:

1.27500 – 1.28400 zone is the key zone to watch for sell signals today.

Resistant zone:

+1.300

+1.2840

+1.2750

Support zone:

+1.260 – 1.2630

+1.2500

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