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EURUSD Daily Forecast: January 25

EURUSD Daily Forecast: January 25
Friday, January 25th, 2013 @ 10:33 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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EURUSD Forecast
The EURUSD had a significant bullish momentum earlier today, broke above 1.3400 and hit 1.3450. The bias is bullish in nearest term testing 1.3485 or higher. Immediate support is seen around 1.3400 – 1.3370. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear testing 1.3350/00 but as long as stays inside the bullish channel my overall technical bias remains to the upside.

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