EUR/USD Daily Forecast

Thursday, July 15, 2010

The EURUSD didn't make significant movement yesterday. The bias is neutral in nearest term but we are still in upside correction scenario testing 1.2850 - 1.2900 area. Immediate support at 1.2650. Break below that area could trigger further bearish pressure testing the minor trendline support (red) and 1.2550 area but as long as price move inside the bullish channel we are still in upside correction phase.


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