EURUSD Forecast
The EURUSD had a bullish momentum yesterday broke above the range area as you can see on my daily chart below topped at 1.2414 and hit 1.2459 earlier today in Asian session. The bias remains bullish in nearest term testing 1.2500 region. Immediate support is seen around 1.2385 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.2323 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.2500 would expose November 2014 high at 1.2600.

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.