EURUSD 4h Intraday outlook
The base is formed for try outs to the Upper levels of the Daily Downtrend.
Targets to watch out for are 1.06700 & 1.07200 – all depends on time-space development.
Supports are at 1.06300 & 1.06050
By the pattern that is forming, it is unlikely to see downward follow through right now.
It is more of a possibility to watch Upticks for a day or two.
So base your small time frames trades accordingly .
With no serious data ( except for US Initial Jobless Claims tomorrow ), there is a calm till Friday.
Check out Economic Calendar