EURUSD Daily Forecast: June 27

EURUSD Forecast

The EURUSD was indecisive yesterday, but overall still able to maintain its bearish bias since broke below the bullish channel, still making lower highs and lows on daily chart. As long as stays below 1.2580 this bearish intraday bias should remain intact, but 1.2435/00 seems to be a strong intraday support at this phase which need to be broken to the downside to continue the bearish scenario.  On the upside, a clear break back above 1.2630/50 will cancel the current bearish intraday outlook and turn my intraday bias to a bullish view. My medium outlook remains unclear and if 1.2435/00 support area hold we might see a potential wide range between 1.2435/00 – 1.2750.

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

.