EURUSD Forecast

The EURUSD attempted to push higher yesterday, topped at 1.3410 but whipsawed to the downside, closed at 1.3328 and hit 1.3302 earlier today in Asian session. This fact keeps the bearish outlook remains strong. The bias remains bearish in nearest term still testing 1.3250 – 1.3145 area. Immediate resistance remains around 1.3420. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback now is normal and only a clear break and daily close above 1.3590 – 1.3613 could stop the current strong bearish intraday outlook.

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

.