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EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.3143 but closed lower at 1.3071. There are no changes in my technical outlook. Price has been moving sideways since Monday without clear direction and momentum. As long as stays below 1.3130 – 1.3163 the nearest technical bias remains to the downside as a part of the bearish outlook since broke below the bullish channel last week, but from a broader view as long as stays above 1.3000 price is still in a sideways condition, moving between 1.3000 – 1.3484 in the last ten weeks. On the upside, a clear break above 1.3163 could trigger further bullish pullback testing 1.3200 – 1.3240 resistance area. On the downside, we need a clear break below 1.3000 – 1.2973 strong support area to continue the bearish scenario testing 1.2880 or lower.

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EURUSD Forecast
The EURUSD was indecisive yesterday. As long as stays below 1.3130 – 1.3163 the nearest technical bias remains to the downside as a part of the bearish outlook since broke below the bullish channel last week, but from a broader view as long as stays above 1.3000 price is still in a sideways condition, moving between 1.3000 – 1.3484 in the last ten weeks. On the upside, a clear break above 1.3163 could trigger further bullish pullback testing 1.3200 – 1.3240 resistance area. Immediate support is seen around 1.3080. A clear break back below that area could trigger further bearish pressure retesting 1.3000 strong/key support area.

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EURUSD Forecast
The EURUSD had a bearish momentum last week after unable to break above 1.3400 and broke below the bullish channel as you can see on my h4 chart below. The bias remains bearish in nearest term testing 1.3000 – 1.2973 strong support area. Immediate resistance is seen around 1.3130 – 1.3163. A clear break above that area could lead price to neutral zone in nearest term. On the downside, a clear break and daily close below 1.3000 could trigger further bearish scenario testing 1.2880 area or lower.

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EURUSD: A Daily Chart Outlook
The EURUSD had a bearish momentum this week, but still unable to break below 1.3000 so far. While short term bias remains bearish, daily/weekly outlook shows a sideways condition, moving between 1.3484 – 1.3000 in the last ten weeks.  The bullish momentum after bounced from 1.2625  in January found a good resistance at the EMA 200, keep the major/daily bearish outlook intact.  For the upcoming week, 1.3000 is a key support. A clear break and weekly close below 1.3000 could trigger further bearish scenario testing 1.2625. On the upside, immediate resistance is seen around 1.3200 – 1.3240. A clear break back above that area would keep price inside the range area a little bit longer retesting the EMA 200. CCI just cross below -100 level suggests potential bearish view.

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EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.3106 and closed at 1.3142. The bias remains bearish in nearest term testing 1.3000 support area. Immediate resistance is seen around 1.3200 followed by 1.3240/50. Only a clear break and daily close back above 1.3240 could stop the current bearish outlook after the strong break below the bullish channel as you can see on my h4 chart below.

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EURUSD Forecast
The EURUSD had a significant bearish momentum yesterday, broke below the bullish channel, bottomed at 1.3212 and hit 1.3182 earlier today. The bearish momentum occurred after a failure to break above 1.3400 key resistance which is the daily EMA 200. Price is now moving below EMA 200 on hourly, h4 and daily chart suggests a bearish view. The bias is bearish in nearest term testing 1.3130 before retesting 1.3000. Immediate resistance is seen around 1.3240. A clear break above that area could lead price to neutral zone in nearest term testing 1.3300.

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EURUSD Forecast
The EURUSD attempted to push lower yesterday, slipped below the bullish channel but found a good support around 1.3280 area. The bias is neutral in nearest term. The bullish phase since bounced from 1.3000 should remain intact but would need a clear break and daily close above 1.3400 key resistance to continue the bullish scenario testing 1.3480 – 1.3500 area. On the downside, a clear break and daily close below the bullish channel and 1.3300 could be a threat to the bullish scenario testing 1.3240 or lower.

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EURUSD Forecast
The EURUSD was able to maintain its bullish bias last week and still moving inside the bullish channel as you can see on my h4 chart below. However, looks like 1.3400 resistance area will be a strong/key resistance at this phase and need to be broken to continue the bullish scenario testing 1.3480 – 1.3500 area. Immediate support is seen around the lower line of the bullish channel and 1.3300 – 1.3280 area. A clear break below that area could trigger further bearish pressure testing 1.3240 and could be a threat to the bullish outlook.

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EURUSD Forecast
The EURUSD had another indecisive movement yesterday. Price attempted to push lower but found a good support around the lower line of the bullish channel as you can see on my h4 chart below, keep the bullish phase since bounced from 1.3000 remains intact with nearest bullish target around 1.3400. A clear break and daily close above that area could trigger further bullish scenario at least testing 1.3480 – 1.3500 region. On the downside, only a clear break below the bullish channel and 1.3240 could stop the bullish phase testing 1.3130 – 1.3000 support area.

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EURUSD Forecast
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term but as long as moving inside the bullish channel price is still in a bullish phase since bounced from 1.3000. Key support area is seen around the lower line of the bullish channel and 1.3290 – 1.3240. On the upside, nearest bullish target is seen around 1.3400 which is also the daily EMA 200, a key resistance. A clear break and daily close above that area could trigger further bullish scenario at least testing 1.3480 – 1.3500 region.