EURUSD Forecast:

The EURUSD attempted to push lower yesterday, bottomed at 1.3282 but further bearish pressure was rejected as price whipsawed to the upside and closed at 1.3360. The main bearish scenario remains intact but the nearest bias is neutral. I have two technical view which support bullish correction (even potential reversal). First, price seems to find a bottom around 1.3267/82 area. Second, we have a bullish divergence as you can see on my h4 chart below. Immediate resistance at 1.3450. Break above that area could be a serious threat to the bearish outlook testing 1.3530. We need a clear break below 1.3267/82 area to confirm bearish continuation towards 1.3100.

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