EURUSD Forecast

The EURUSD continued its bullish bias earlier today in Asian session, slipped above 1.4250 again. On h4 chart below we can see price seems ready to continue its bullish scenario after two weeks of consolidation in range area of 1.4250/81 – 1.4035. The bias is bullish in nearest term especially if price able to make a clear break above 1.4281 targeting 1.4400 – 1.4500 this week. Immediate support at 1.4200. A clear break below that area would lead us to neutral zone in nearest term testing 1.4150 but unless price breaks below 1.4035 the major bullish scenario remains intact.

©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.