EURUSD Daily Forecast: November 15

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By swibowo | November 15, 2012 7:21 PM EST

Fx Instructor

EURUSD Forecast

The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but overall I still prefer a bearish scenario. Immediate resistance is seen around 1.2790. A clear break above that area could trigger further bullish pressure but only a clear break back above 1.2850 will interrupt the bearish outlook. Immediate support is seen around 1.2716 (current low). A clear break below that area could trigger further bearish pressure testing 1.2650/00 area.

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