EURUSD Forecast

The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term but as long as moving inside the bullish channel price is still in a bullish phase since bounced from 1.3000. Key support area is seen around the lower line of the bullish channel and 1.3290 – 1.3240. On the upside, nearest bullish target is seen around 1.3400 which is also the daily EMA 200, a key resistance. A clear break and daily close above that area could trigger further bullish scenario at least testing 1.3480 – 1.3500 region.

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