EURUSD Forecast

The EURUSD attempted to push lower yesterday, slipped below the bullish channel but found a good support around 1.3280 area. The bias is neutral in nearest term. The bullish phase since bounced from 1.3000 should remain intact but would need a clear break and daily close above 1.3400 key resistance to continue the bullish scenario testing 1.3480 – 1.3500 area. On the downside, a clear break and daily close below the bullish channel and 1.3300 could be a threat to the bullish scenario testing 1.3240 or lower.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.