First National Innovation Brokers the daily forecast EURUSD August 6th

EURUSD

The EURUSD had a bullish momentum yesterday topped at 1.3322 and now struggling around the trend line resistance as you can see on my daily chart below. The bias is bullish in nearest term especially if price able to make a clear break above 1.3330/50 testing 1.3400 or higher. Immediate support is seen around 1.3290. A clear break below that area could lead price to neutral zone in nearest term testing 1.3250 but only a clear break below 1.3150 could be a threat to the current bullish outlook.