EURUSD Forecast:

The EURUSD had a moderate bearish momentum yesterday, bottomed at 1.3325 and closed at 1.3342. The fact that price so far able to stay below 1.3350 should continue the bearish outlook towards 1.3267 area before aim for 1.3100. Another movement back above 1.3350 could lead us into no trading zone in nearest term, leaves the door open for another upside correction testing 1.3400 – 1.3450 but the main bias should remain to the downside.

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