EURUSD Daily Forecast: February 08

EURUSD Forecast    

The EURUSD had a bearish momentum yesterday broke below 1.3450 and hit 1.3369. The bias is bearish in nearest term testing 1.3300 region. Immediate resistance is seen around 1.3415 (current high). A clear break above that area could lead price to neutral zone in nearest term testing 1.3450 but we need a clear break and daily close at least above 1.3500 to interrupt the current bearish correction phase. As long as stays inside the bullish channel the major bullish scenario should remain valid.