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28.08.202021:30 Forex Analysis & Reviews: EURUSD keeps bullish momentum recapturing 1.1850

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EURUSD remains inside our bullish channel moving back above 1.1850 and approaching 1.19. EURUSD has held support at 1.17 - 1.1750 and bulls are now stepping in for another leg higher for a move towards 1.21.

Blue lines - bullish channel

EURUSD continues making higher highs and higher lows. Trend is text book bullish and we continue to consider each pull back as a buying opportunity specially if price remains inside the channel. Key support is at 1.1760 and we expect to see a higher high soon towards 1.20 before another pull back. Trend would only change if price were to break below 1.1760.

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