EURUSD Forecast:

The EURUSD failed to continue its bullish momentum yesterday. Price attempted to push higher, topped at 1.3691 but further bullish pressure was rejected as price whipsawed to the downside, bottomed at 1.3566 and closed at 1.3591. Looks like price now is trying to fill the gap and testing 1.3530 area. Break below that area could trigger further bearish momentum testing 1.3450 region. Initial resistance at 1.3700. Break above that area could trigger further bullish momentum testing 1.3750 – 1.3830 area.

Related Posts:

  • EURUSD Daily Forecast: March 23
  • EURUSD Daily Forecast: March 10
  • EURUSD Daily Forecast: March 08
  • EURUSD Daily Forecast: April 09
  • EURUSD Weekly Summary: Remains indecisive with another potential minor upside correction next week
  • ©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.