EURUSD Forecast

The EURUSD attempted to push lower yesterday, bottomed at 1.3191 but found a good support around the lower line of the bullish channel as you can see on my h4 chart below and whipsawed to the upside, broke above 1.3290 and hit 1.3366. The bias is bullish in nearest term testing 1.3400/80 resistance area. Immediate support is seen around 1.3290 (former resistance). A clear break below that area could lead price to neutral zone in nearest term but as long as moving inside the bullish channel price is still in a bullish phase since bounced from 1.3000 two weeks ago.

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