EUR/USD Daily Outlook

Forex Analysis, Currency Forecast, FX Trading Signal - Action Forex

EUR/USD's rebound from 1.2662 is still in progress and further rally could be seen. But still, we'd expect strong resistance from 1.3076 to limit upside and bring decline resumption. Recent fall is expected to resume sooner or later and below 1.2662 will target 100% projection of 1.4939 to 1.3145 from 1.4246 at 1.2452. However, break of 1.3076 will indicate that a short term bottom is at least formed and bring stronger rebound.