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DAILY FOREX FORECAST FROM TRADING CENTRAL (QUOTES) FOR 4 NOV, 2011
EUR/USD
 EUR/USD intraday: bullish bias above 1.3715.
Our preference: Long positions above 1.3715 with targets @ 1.386 & 1.3935 in extension.
Alternative scenario: Below 1.3715 look for further downside with 1.365 & 1.3605 as targets.
Comment: the RSI is supported by a bullish trend line.
GBP/USD
GBP/USD intraday: rebound. Pivot: 1.592
Our preference: Long positions above 1.592 with targets @ 1.6090 & 1.6150 in extension.
Alternative scenario: Below 1.592 look for further downside with 1.587 & 1.582 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
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