EURUSD Forecast

The EURUSD was indecisive yesterday. Price attempted to push higher but still unable to break above 1.2750 resistance area so far. There are no changes in my technical outlook. The bias remains neutral in nearest term but as long as stays inside the bullish channel my overall intraday bias remains to the upside testing 1.2822. On the downside, key support area is seen between 1.2630 – 1.2550. A clear break below the bullish channel and daily close below 1.2550 will be a threat to the current bullish outlook testing 1.2435.

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