EURUSD Forecast

The EURUSD made a significant breakout to the upside earlier today in Asian session, hit 1.3253. This fact could trigger further bullish consolidation move for the remaining days of 2010, but the major bearish outlook remains valid. The bias is bullish in nearest term targeting 1.3300 – 1.3350 resistance area. Immediate support at 1.3170. Break below that area could trigger further bearish pressure testing 1.3060 as a false breakout scenario could be produced and keep the major bearish scenario remains strong.

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