EURUSD Daily Forecast: February 04

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By swibowo | February 4, 2013 7:49 PM EST

Fx Instructor

EURUSD Forecast    

The EURUSD continued its bullish momentum last week topped at 1.3710 but corrected lower earlier today hit 1.3601. My nearest term bias remains bullish testing 1.3750. Immediate support remains around 1.3600 – 1.3585. A clear break below that area could lead price to neutral zone in nearest term testing 1.3550/00 but as long as stays inside the bullish channel my overall technical bias remains bullish and any downside pullback now should be seen as normal correction.

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