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Daily outlook on EURUSD, GBPUSD and USDJPY 10-16-09

posted by Avatar liviuf 953 days ago in EUR, GBP, Technical

EURUSD: Intra-day sentiment is slightly bearish after the 2nd failed attempt to reach 1.5000. Yesterday’s relatively fast recovery from 1.4840, which is also the 61.8% retracement ratio of 1.4760-1.4965, suggests that uptrend is very strong and pullbacks are grabbing bids from below 1.4900, for a potential break out above 1.5000 on the coming days.
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