Technical forecast for EUR/USD

EURUSD hit our next target of 1.3375/80 & topped exactly here. Good support at 1.3325/20 also held profit taking as predicted & we bottomed exactly here. However the outlook is quite negative so be ready to go with a break lower & look for the next support at 1.3280/75. A low for the day is possible here so we can exit shorts & try longs with stops below the next support at 1.3240. We then look for a buying opportunity at 1.3210.

If we manage to hold support at 1.3325/20 look for a return to 1.3350/55, possibly as far as 1.3375/80 for a selling opportunity with stops above 1.3410.

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. has established itself as the leading provider of... More