EURUSD Daily Forecast: December 05

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By swibowo | December 5, 2013 6:21 PM EST

Fx Instructor

EURUSD Forecast    

The EURUSD attempted to push lower yesterday bottomed at 1.3527 but whipsawed to the upside, closed higher at 1.3592 and hit 1.3614 earlier today. The bias is bullish in nearest term testing 1.3700 – 1.3750. Immediate support is seen around 1.3580. A clear break below that area could lead price to neutral zone in nearest term testing 1.3550 – 1.3500. Overall, price is still moving sideways between 1.3524 – 1.3615 since Monday without clear direction and momentum.

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