EUR v USD Market Outlook Monday 27 October 2014

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EUR v USD Market Outlook Monday 27 October 2014

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Posted on: 27th Oct 2014

Today�s live Forex daily market overview by popular request is on EUR v USD. The eight current open buy orders on EUR v USD are 1 micro lot at 13180, 2 micro lots at 13100, 3 micro lots at 12910, 5 micro lots at 12810, 8 micro lots at 12710, 12 micro lots at 12610 and 20 micro lots at 12510.

Bullish directional bias was favoured today on EUR v USD for two reasons; all current active seven positions are buy orders. The second reason why 35 micro lots buy orders is recommended for those who don�t currently have open trades is that there is enough equity to withstand any negative market move.

Open positions today Monday 27 October 2014 stands at 44 entries; equity above �120,000, usable margin �120,000, usable margin percentage 97% and pending orders at 31. Buy active positions are on EUR v USD, AUD v USD, NZD v USD, CAD v CHF, CHF v JPY, NZD v JPY, EUR v JPY, GBP v CHF and AUD v JPY. Sell orders are on AUD v JPY and GBP v AUD.

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