EURUSD Forecast:

The EURUSD didn’t make significant movement yesterday. The main trend remains bearish but as you can see on my h1 char below price still move inside the minor bullish channel indicating the bullish corrective movement actually still intact with technical target around 1.3750 area but we need a consistent move above 1.3650 to continue the upside corrective movement. The bias is neutral in nearest term but I still prefer a bearish scenario as traders’ sentiment for Euro zone fundamental situation remains negative. A violation to the minor bullish channel should be seen as a serious threat to the bullish correction scenario and continue the bearish momentum testing 1.3530 area before aim for 1.3400.