EURUSD Forecast

The EURUSD was indecisive yesterday but there were some upside pressures earlier today hit 1.3182. The bias is bullish in nearest term but overall price is still in bearish phase since formed the double top formation around 1.3480 and broke below the trend line support and only a clear break back above 1.3240/50 could postpone the bearish scenario and activate my wait and see mode as direction would become unclear. On the downside, potential bearish target remains around 1.3000.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.