The EURUSD was indecisive yesterday. The bias is neutral in nearest term but still within the context of a strong bullish scenario still targeting 1.3800 – 1.4000 this week. Immediate support at 1.3625 where aggressive traders with higher risk profile may go long around that area while conservative traders might only interested to go long near 1.3550 support area looking for a better risk-reward ratio with stop loss below 1.3500. We are still in strong bullish outlook and only a clear move below 1.3500 could be a threat to the strong bullish scenario.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.