FOREX: Technical Analysis for EURUSD. Monday will tell the story (October 20, 2014) via ForexLive

FOREX: Technical Analysis for EURUSD. Monday will tell the story (October 20, 2014)

The EURUSD ended Friday finding technical support on the chart against the 50% of the move higher and just above the 100 hour MA.  It also found resistance sellers against the broken 38.2% Fibonacci Retracement level.  On Monday, the bullish or bearish story should start to be told.

In the video report, Greg Michalowski, Director of Technical Analysis and Forex Trading Education, outlines the trade and what traders should follow.

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posted via ForexLive