EURUSD Daily Forecast: December 20

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By swibowo | December 20, 2013 5:49 PM EST

Fx Instructor

EURUSD Forecast    

The EURUSD didn’t make significant movement yesterday, but overall still able to maintain its bearish correction bias after failed to break above 1.3850 key resistance.The bias remains bearish in nearest term testing 1.3600 – 1.3575. A clear break and daily/weekly close below that area could be a threat to the major bullish scenario. Immediate resistance is seen around 1.3675. A clear break above that area could lead price to neutral zone in nearest term testing 1.3700 – 1.3750. On the upside, we need a clear break above 1.3850 to continue the bullish scenario.

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