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EURUSD Daily Forecast: July 31

EURUSD Daily Forecast: July 31
Wednesday, July 31st, 2013 @ 5:44 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 another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term probably with a little bearish bias testing 1.3170/50 key intraday support. A clear break and daily close below that area would interrupt the bullish outoook testing 1.3100 or lower. On the upside, the trend line resistance and 1.3330/50 remains a strong/key resistance which needs to be clearly broken to the upside to continue the bullish scenario.

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