The EURUSD continued its bearish intraday bias yesterday, bottomed at 1.4225 and slipped below the triangle as you can see on my daily chart below. This bearish momentum is a part of the bearish scenario after the false breakout above the triangle. This fact could create further bearish scenario testing the lower line of the bullish channel and 1.4100 – 1.4000 region as the bearish correction phase since the fall from 1.4939 remains intact. Immediate resistance is seen around 1.4300. A clear break above that area could lead price to neutral zone in nearest term but as long as price stays below 1.4400 I still prefer a bearish intraday scenario at this phase.
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