EURUSD Forecast

The EURUSD was volatile but indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but still within a bullish intraday outlook since the appearance of the inverse H&S formation with 1.4496 as the nearest bullish target. Immediate support at 1.4320 and the lower line of the bullish channel. A clear break below the bullish channel could be a threat to the current strong intraday bullish view and would activate my wait and see mode.

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

.