The EURUSD was indecisive yesterday. Price attempted to push higher topped at 1.3276 but closed lower at 1.3206. The bias is neutral both in nearest and medium term and I prefer to stand aside now. On the upside, a clear break above 1.3276 could trigger further bullish pressure testing 1.3320/85 area. Immediate support remains around 1.3150. A clear break below that area could trigger further bearish pressure testing 1.3100 – 1.3025 but only a clear break and daily close below 1.3000 – 1.2970 could reactivate my bearish mode testing 1.2880. Fundamental focus remains on whether Greek will get its second bailout.
©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.