EURUSD Daily Forecast: July 17

EURUSD Forecast

The EURUSD was indecisive yesterday but overall still able to maintain its bullish correction bias after found strong intraday support at 1.2150/60 region. The bias is bullish in nearest term testing 1.2330 but I am still in a bearish mode and prefer to sell on rallies. On the upside, a clear break and daily close above 1.2330 will interrupt the bearish bias challenging 1.2435 resistance area. Immediate support is seen around 1.2250. A clear break back below that area could lead price to neutral zone in nearest term retesting 1.2150/60 key intraday support area.

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