EURUSD Forecast

The EURUSD was volatile up and down yesterday but overall still maintain its strong bullish intraday bias after hold above 1.4320 key support area and hit 1.4484. The bias remains bullish in nearest term testing the upper line of the triangle and 1.4500/50 region. That area might provide a good intraday resistance, but a clear break above the triangle could trigger further bullish scenario testing June 07 high at 1.4695 . Price is in a critical point now as whatever happen to the triangle could determine the next scenario. Immediate support at 1.4400. A clear break below that area could lead us to neutral zone in nearest term but as long as price stays above 1.4320 my overall intraday bias remains to the upside.

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

.