EURUSD Daily Forecast: January 29

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By swibowo | January 29, 2013 7:49 PM EST

Fx Instructor

EURUSD Forecast

The EURUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.3485 which needs to be clearly broken to the upside to continue the bullish scenario. Immediate support is seen around 1.3400 – 1.3370. A clear break below that area could lead price to neutral zone in nearest term testing 1.3350/00 but as long as stays inside the bullish channel I still prefer a bullish scenario and any downside pullback now should be seen as a normal correction.

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