EURUSD Forecast:

The EURUSD attempted to push higher yesterday, topped at 1.4025 but whipsawed to the downside, bottomed at 1.3886 and closed at 1.3896. Technically, this fact could potentially end the bullish correction but note that we seem to have a good support around 1.3850 area. We need a consistent move below that area before continue further bearish scenario towards 1.3750 even 1.3490 in longer term. Immediate resistance at 1.3925/50 area. Break above that area could trigger further upside momentum re-testing 1.4030.