EURUSD Forecast

The EURUSD was able to maintain its bullish intraday bias yesterday. Price attempted to push lower after some bad Euro zone manufacturing/services PMI numbers but found a good support around 1.3820 before closed higher at 1.3918. My overall intraday bias remains bullish, still testing 1.4000 key/major/psychological level but there are hesitations to make a clear breakout above 1.3913. Immediate support is seen around 1.3870 followed by 1.3820 and the trend line support (red) as you can see on my hourly chart below. A clear break below the trend line support would postpone the bullish scenario and keep price in a sideways outlook between 1.3913 – 1.3670/55.

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