Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

EURUSD Daily Forecast: January 21

EURUSD Forecast    
The Eurusd had a bearish momentum last week bottomed at 1.1353 after the false breakout above the range area as you can see on my daily chart below. The bias is bearish in nearest term testing 1.1270 – 1.1215 key support area. Immediate resistance is seen around 1.1410. A clear break above that area could lead price to neutral zone in nearest term testing 1.1450 but key resistance remains at 1.1500 – 1.1570 region which is a good place to sell with a tight stop loss as a clear break above 1.1570 would be a serious threat to the major bearish trend.

eurusddaily



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

Share the post

EURUSD Daily Forecast: January 21

×

Subscribe to Fx Instructor Forex Blog - For Traders, By Traders

Get updates delivered right to your inbox!

Thank you for your subscription

×