EURUSD Daily Forecast: January 03
03 Jan, 2013 @ 09:18 am BST | By swibowo
The EURUSD had a bearish momentum yesterday after failed to make a clear break above 1.3300 and hit 1.3123 earlier today. The bias is bearish in nearest term testing 1.3100 or lower, challenging the lower line of the bullish channel. Immediate resistance is seen around 1.3190. A clear break above that area could lead price to neutral zone in nearest term. On the upside, we need a clear break above 1.3300 to continue the bullish scenario.
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