EUR/USD Daily Outlook

[Forex-Outlook]

As this point, intraday bias in EUR/USD remains on the downside for retesting 1.2526 low first. Decisive break will confirm down trend resumption and should target 1.2329 key support level next. On the upside, above 1.2803 minor resistance will suggest that consolidation from 1.2526 is still in progress and bring another recovery. But after all, we'd continue to expect strong resistance at 1.3114 to limit upside and bring down trend resumption eventually.

Read Full Out-Look by Action Forex