EURUSD Forecast

The EURUSD made another indecisive movement yesterday. There are no changes in my daily technical outlook. I am still in bullish mode and just keep waiting for a minor bearish correction around 1.3625 – 1.3550 support area to go long with nearest target remains around 1.3800. On the downside, break below 1.3500 could be a threat to the bullish outlook. On the other hand, a clear break above 1.3800 would give us further validation to the bullish continuation scenario targeting 1.4000 area.

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

.