EURUSD Forecast

The EURUSD was corrected lower yesterday after unable to make a clear break and daily close above the 200-daily-EMA as you can see on my daily chart below. The bias is neutral in nearest term. Price is still in a bullish intraday phase since the failure to make a clear break below 1.3000 and I still prefer a bullish intraday scenario at this phase, but need a clear break and daily close above the 200-daily-EMA and 1.3460 to continue the bullish scenario testing 1.3530 – 1.3650 area. On the downside, a clear break back below 1.3320/00 would postpone the bullish scenario but would keep the major/daily bearish outlook remains intact.

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