EURUSD Daily Forecast: January 07

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By swibowo | January 7, 2014 6:21 PM EST

Fx Instructor

EURUSD Forecast    

The EURUSD failed to continue its bearish momentum yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.3675. Immediate support is seen around 1.3615/00. A clear break back below that area could trigger further bearish pressure testing the lower line of the bullish channel and 1.3550 – 1.3500 key support area. On the upside, a clear break back above 1.3675 – 1.3700 could trigger further bullish pressure retesting 1.3850.

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