EURUSD Forecast

The EURUSD attempted to push higher yesterday, topped at 1.3400 but whipsawed to the downside, closed at 1.3248 and hit 1.3219 earlier today in Asian session. I have made some adjustment to my bearish channel. On h4 chart below we can see price slipped below the bullish channel (blue) indicates the bullish correction might be over now targeting 1.3180/50 in nearest term. Immediate resistance at 1.3280 (current high). Break above that area would keep the bullish correction scenario intact re-testing 1.3400/38 key resistance area and may create a range market between 1.3400 – 1.3200.

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