EURUSD Forecast:

The EURUSD was indecisive yesterday, opened and closed at almost the same price. However on h4 chart below we can see that the minor bullish channel has been violated to the downside indicating potential bearish outlook as bullish correction might be over now. The bias is bearish in nearest term targeting 1.3350 area but we need a consistent move below 1.3450/35 area to continue the bearish scenario. Immediate resistance at 1.3537 (yesterday’s high). Break above that area could trigger further bullish momentum and bring the bullish correction scenario even reversal back in the game.

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