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EURUSD Daily Forecast: August 28
EURUSD Forecast
The EURUSD was indecisive yesterday but slipped below 1.2485 support area earlier today. There are no changes in my technical outlook. The bias remains neutral in nearest term. Price is still in a bullish correction phase but hesitate to move higher. Key intraday support is seen around 1.2440. A clear break and daily close below that area could trigger further bearish pressure testing the lower line of the bullish channel and could be a threat to the bullish correction phase. On the upside, we need a clear break back above 1.2540 to keep the bullish phase remains strong testing 1.2600/25 area.
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2012-08-28 12:31:58
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-august-28-2
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