EURUSD Daily Forecast: November 21

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By swibowo | November 21, 2012 6:49 PM EST

Fx Instructor

EURUSD Forecast

The EURUSD had a bullish momentum yesterday, topped at 1.2828 but whipsawed to the downside earlier today hit 1.2735. The bias is bearish in nearest term testing 1.2700 or lower. Immediate resistance is seen around 1.2785. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.2850/85 I still prefer a bearish scenario targeting 1.2500.

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