Technical forecast for EUR/USD

EURUSD broke below our first support at 1.3555/1.3530 as we head for very good support at 1.3465/55 and a buying opportunity today. However longs need a stop below 1.3425 for 1.3375 and again this should be seen as a good buying opportunity with strong support.

Resistance at 1.3540/60 could cap any move higher today.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More