EURUSD Forecast:

The EURUSD attempted to push higher yesterday, topped at 1.3691 but further upside correction was rejected as price whipsawed to the downside, violated the minor bullish channel, bottomed at 1.3496 and closed at 1.3506. I see this fact as an ending to the bullish corrective movement at this phase and continue the bearish scenario with nearest technical target around 1.3400 – 1.3340 area. Immediate resistance at 1.3550/70 area. Break above that area should lead us into no trading zone but the main trend should remain bearish and I prefer sell on rallies strategy.