EURUSD Forecast:

The EURUSD continued its bullish correction yesterday, topped at 1.3974 and closed at 1.3960. This fact should open the door for further correction testing 1.4000/30 area. Break above that area should continue the bullish correction testing the upper line of the bearish channel and 1.4250 resistance area. However as long as the bearish channel hold, this pair is still in a bearish phase in longer term point of view. Immediate support at 1.3900. Break below that area could end the upside correction testing 1.3750 area, which is technically remains the nearest bearish target this week.