EURUSD Forecast:

The EURUSD attempted to push lower yesterday, bottomed at 1.4667 but further bearish momentum was limited as price closed higher at 1.4738. The bias is neutral in nearest term but the fact that price still below 1.4820 area for me indicating further bearish pressure is potential with technical target remains around 1.4625 after breakdown below the major trendline support on Monday. Break below 1.4625 should trigger further bearish scenario towards 1.4450 this week. On the other hand, break above 1.4820 should be seen as potential threat to the bearish scenario testing 1.4950 area before aim for 1.5140 area once again.