EURUSD Daily Forecast: December 17

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By swibowo | December 17, 2012 7:21 PM EST

Fx Instructor

EURUSD Forecast

The EURUSD had a bullish momentum last week and now testing key resistance 1.3170. The bias remains bullish in nearest term. A clear break and daily close above 1.3170 could trigger further bullish pressure testing 1.3250 – 1.3300 and turn my medium/long term outlook into a bullish view. Immediate support is seen around 1.3130. A clear break below that area could lead price to neutral zone in nearest term testing 1.3080/50 but only a clear break back below 1.3000 could interrupt the current bullish bias.

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