EURUSD Forecast:

The EURUSD attempted to push lower yesterday but as you can see on my h1 chart below the lower line of the minor bullish channel did a good job preventing further downside pressure, keep the upside correction scenario intact. The bias is neutral in nearest term. Note that the major technical bearish remains intact and we need a consistent move above 1.3415 area to continue the bullish correction targeting 1.3500 even 1.3600 region this week. On the downside, only a clear break below 1.3267/00 area could be seen as the end of the bullish correction and continue the bearish scenario towards 1.3100 area.

Related Posts:

  • EURUSD Daily Forecast: April 26
  • EURUSD Daily Forecast: February 22
  • EURUSD Weekly Summary: Bearish channel hold, upside correction might be over
  • EURUSD Daily Forecast: April 09
  • EURUSD Daily Forecast: March 10
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