EURUSD Forecast

The EURUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. Price is still in a bullish phase since bounced from 1.2625 and overall still making higher lows since the failure to make a clear break below 1.3000 last week but need a clear break and daily close at least above 1.3320 to continue the bullish scenario. Immediate support is seen around 1.3200 followed by 1.3150. A clear break below 1.3150 could trigger further bearish pressure testing 1.3100 but only a clear break and daily close below 1.3000 – 1.2970 could cancel the bullish phase and activate my intraday bearish mode. On the upside, a clear break and daily close above 1.3320 could trigger further bullish scenario testing 1.3385 even 1.3500 region.

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