EURUSD Technical Outlook-

It shows that EURUSD is still maintaining a strong bearish bias. Our last week target was 1.1220 that was satisfied. It has broken some recent supports at 1.1450 and 1.1220. 1.1220 is the support offered by 61.8% Fibonacci level from the 2000 year low to the 2008 year high. Now the more bearish movement is expected to target 1.1000 followed by 1.0820.

EURUSD Trading Forecast