EURUSD Forecast    
The EURUSD attempted to push lower yesterday slipped below the lower line of the bullish channel as you can see on my daily chart below, bottomed at 1.1130 but whipsawed to the upside, closed at 1.1224 and hit 1.1271 earlier today. Once again, the lower line of the bullish channel has proven itself to be a strong support and good place to buy. The bias is bullish in nearest term testing 1.1285 – 1.1300 area. A clear break above that area could trigger further bullish pressure testing 1.1350 or higher. Immediate support is seen around the lower line of the bullish channel and 1.1200 – 1.1150 area which remains a good place to buy with a tight stop loss.

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