EURUSD Forecast

The EURUSD continued its bullish momentum yesterday, topped at 1.2953 and closed at 1.2946. The bias remains bullish in nearest term targeting 1.3000 and 1.3125 region. Immediate support at 1.2850. Break below that area could lead us into neutral zone in nearest term but the we are still in a strong bullish phase now and only a movement below the minor bullish channel (red channel) and 1.2750 area could diminish the current strong bullish momentum testing 1.2650 area.

©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.