EURUSD Forecast

The EURUSD continued its bearish momentum yesterday, bottomed at 1.3008 and closed at 1.3017. The bias remains bearish in nearest term especially if price able to make a clear break below 1.3000 psychological support area testing January low at 1.2873. Immediate resistance is seen around 1.3100. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.3145 my overall intraday bias remains strongly to the downside and only a clear break back above 1.3281 could postpone the current bearish intraday outlook.

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