EURUSD Daily Forecast: September 03

EURUSD Forecast

The EURUSD continued its bullish momentum on Friday, topped at 1.2636 but closed a little bit lower at 1.2576. The bias remains bullish in nearest term testing 1.2700 region. Immediate support is seen around 1.2550. A clear break below that area could lead price to neutral zone in nearest term testing 1.2500 area but as long as stays inside the bullish channel and above 1.2440 my overall intraday bias remains to the upside and only a clear break back below the bullish channel can interrupt the current bullish correction phase.

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