Forex Tom's Blog – December 2011 Archive (1)

In the near term look for a neutral outlook, With a push thru 1.3543 my overall Bearish outlook remains the same, the market makers and liquidity providers were having a field day with traders at US market pre open pushing price to the top of the channel. Immediate support remains around 1.3420/00 area. A clear break below that area could trigger further bearish pressure testing the lower line of the bullish channel but we need a clear break below the bullish channel and 1.3300 – 1.3270…