EURUSD Forecast

The EURUSD continued its bullish bias yesterday after corrected lower on Monday, topped at 1.3478 and hit 1.3483 earlier today. The bias is bullish in nearest term especially if price able to stay consistently above 1.3460-80 resistance area targeting 1.3600/50 region. Immediate support is seen around 1.3425. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.3320 I still prefer a bullish intraday scenario at this phase. Price is now struggling around the 200-daily-EMA. A clear break and daily close above the 200-daily-EMA could be an early signal of a major bullish reversal scenario.

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