EURUSD Forecast:

The EURUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term and the major bearish scenario remains intact but we still have potential bullish correction indicated by the falling wedge formation. Immediate resistance at 1.3675 area. Break above that area and a consistent move above the falling wedge should confirm further bullish correction scenario targeting 1.3750 – 1.3850 area. Initial support at 1.3585/31 area. Break below that area should cancel the bullish correction scenario and continue the bearish momentum targeting 1.3400.