EUR/USD moved up as the US Dollar sold off as a result of the Mid-Terms. What’s next? Here is their view, courtesy of eFXdata: ING discusses EUR/USD technical outlook and  changes its multi-days rating bias from ‘down’ to ‘neutral.’ “The short-term bearish set-up for a decline below the August at 1.1301 is violated by yesterday‘s close above the horizontal resistance and falling trend line, both around 1.1415. This break is followed by a solid rise today, confirming the short-term trend change. However,  we consider the upside potential as limited with prices meeting overhead resistance between the slowly declining MA-50 line at 1.1553, the horizontal line around 1.1615 and the declining EMA-200 line at 1.1693,” ING argues.  “Our longer-term view remains bearish and therefore we recommend selling on strength towards this resistance area in the development of another lower top,” ING adds.  For lots  more FX trades from major banks, sign up to eFXplus By signing up for eFXplus via the link above, you are directly supporting  Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next RBNZ: Less dovish – Nomura FX Street 4 years EUR/USD moved up as the US Dollar sold off as a result of the Mid-Terms. What's next? Here is their view, courtesy of eFXdata: ING discusses EUR/USD technical outlook and  changes its multi-days rating bias from 'down' to 'neutral.' "The short-term bearish set-up for a decline below the August at 1.1301 is violated by yesterday's close above the horizontal resistance and falling trend line, both around 1.1415. This break is followed by a solid rise today, confirming the short-term trend change. However,  we consider the upside potential as limited with prices meeting overhead resistance between the slowly declining MA-50 line… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
