Daily Technical Outlook : EURUSD (Feb 8)

The EURUSD pulled back slighty higher towards the broken rising support for the ascending channel, before finding new selling pressures and attempting to resume the very short term bearish pullback. We still see a potential for a retest of 1.620-1.0590 support area, where we expect a new bullish attempt.

Short term scenarios:
Bearish towards 1.0620, as long as below 1.720.
In case we reach 1.0620-1.0590 area, we expect an upside rebound targeting 1.0700.

Short term key support and resistance
1.0660 1.0620 1.0580
1.0710 1.0770 1.0810