EURUSD Daily Forecast: October 17

EURUSD Forecast

The EURUSD had a bullish momentum yesterday, topped at 1.3123. The bias remains bullish in nearest term testing 1.3170. Immediate support is seen around 1.3070/50. A clear break below that area could lead price to neutral zone in nearest term testing 1.3000 but as long as moving inside the bullish channel I still prefer a bullish scenario. From a longer term outlook, if price able to break above 1.3170, next bullish target seen around 1.3282 (May’s high) and 1.3379 (April’s high).