EURUSD Forecast

The EURUSD was able to maintain its bullish bias last week and still moving inside the bullish channel as you can see on my h4 chart below. However, looks like 1.3400 resistance area will be a strong/key resistance at this phase and need to be broken to continue the bullish scenario testing 1.3480 – 1.3500 area. Immediate support is seen around the lower line of the bullish channel and 1.3300 – 1.3280 area. A clear break below that area could trigger further bearish pressure testing 1.3240 and could be a threat to the bullish outlook.

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