EURUSD Daily Forecast: January 08

  • Rate this Story
  • 0
  • 0

By swibowo | January 8, 2014 6:49 PM EST

Fx Instructor

EURUSD Forecast    

The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.3675 – 1.3595. A clear break above 1.3675 could trigger further bullish pressure testing 1.3850 key resistance. On the other hand, a clear break below 1.3595 could trigger further bearish pressure testing the lower line of the bullish channel and 1.3550 – 1.3500 key support area. As long as stays inside the bullish channel, the major bullish outlook should remain valid.

  • Rate this Story
  • 0
  • 0
For more forex information, go to FxInstructor.com.

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.