EURUSD Daily Forecast: February 06

EURUSD Forecast    

The EURUSD regained its bullish momentum yesterday after corrected lower on Monday. As long as stays inside the bullish channel my overall technical bias remains to the upside but nearest term bias is neutral. Important intraday range to be closely watched is between 1.3600 – 1.3450. We need a clear break above 1.3600 to keep the bullish scenario remains strong testing 1.3700 area or higher. On the other hand, a clear break below 1.3450 could continue the bearish correction phase testing 1.3400 or lower.