EURUSD Daily Forecast: January 08
By swibowo | January 8, 2014 6:49 PM EST
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.