EURUSD Daily Forecast: January 21

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By swibowo | January 21, 2013 9:21 PM EST

Fx Instructor

EURUSD Forecast

The EURUSD was indecisive last week. The bias is neutral in nearest term with important intraday range to be closely watched between 1.3400 – 1.3250. As long as stays inside the bullish channel my overall technical bias remains to the upside but need a clear break and daily close above 1.3400 to continue the bullish scenario testing 1.3485 area. On the downside, a clear break and daily close below 1.3250 could trigger further bearish correction testing 1.3170 and challenging the lower line for the bullish channel.

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