Technical forecast for EUR/USD

EURUSD is very oversold so a bounce today is possible to 1.3182. We should struggle here with a high possible but if we push through 1.3200 we look for a selling opportunity at 1.3283 with a stop needed above 1.3320 A break below 1.3000 however could target 1.2890/80 before finding support in this down trend.

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