EURUSD Daily Forecast: December 19

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By swibowo | December 19, 2013 7:49 PM EST

Fx Instructor

EURUSD Forecast    

The EURUSD had a bearish momentum yesterday after a false breakout above 1.3800 and hit 1.3649 earlier today. The bias is bearish in nearest term testing 1.3600. Immediate resistance is seen around 1.3730. A clear break above that area could lead price to neutral zone in nearest term testing 1.3800 – 1.3850. The major bullish outlook should remain valid, but need a clear break above 1.3850 key resistance to continue the bullish scenario.

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