EURUSD Daily Forecast: October 25

EURUSD Forecast

The EURUSD attempted to push lower yesterday, but found a good support at the lower line of the bullish channel as you can see on my h4 chart below and traded higher earlier today hit 1.3012. The bias is bullish in nearest term especially if price able to make a clear break above 1.3015/20 testing 1.3070/80. The H&S bearish scenario (hourly chart) also remains intact but would need a clear break at least back below 1.2950 to continue the bearish pressure retesting the lower line of the bullish channel and 1.2900 area.