EURUSD Forecast

The EURUSD continued its bullish momentum yesterday after break above 1.3669 – 1.3687 resistance area (now support), topped at 1.3743 but corrected lower earlier today in Asian session hit 1.3688. On h1 chart below we can see price still moving inside the minor bullish channel since bounced from 1.3507 suggests that we are still in bullish intraday outlook especially if price able to make a clear break above 1.3740 targeting 1.3800 – 1.3860 key resistance area. On the downside, a movement below the minor bullish channel and consistent move back below 1.3669 could trigger further bearish pressure testing 1.3600 – 1.3570 support area even re-testing 1.3500 key support area. Key support/resistance: 1.3500 – 1.3800.

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