EURUSD Forecast

The EURUSD had a bullish momentum yesterday, topped at 1.3433 and closed at 1.3393. The bias is bullish in nearest term and the bearish scenario is in a serious threat now but I think we need a clear break above 1.3438 to continue the bullish scenario testing 1.3650 – 1.3700 area this week. Immediate support at 1.3320. Break below that area could lead us back to range market condition between 1.3400/38 – 1.3200.

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