EURUSD Daily Forecast: September 04

EURUSD Forecast

The EURUSD was indecisive yesterday but overall still able to maintain its bullish bias and hit 1.2626 earlier today. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.2700 region. Immediate support remains 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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