EURUSD Forecast:

The EURUSD attempted to push lower after a false breakout above the minor bearish channel, bottomed at 1.3461 but closed higher at 1.3558. The bias is neutral in nearest term but I still prefer a bearish scenario. We seem to have a good support around 1.3450 area at this phase and need a clear break below that area to continue the bearish scenario targeting 1.3100 this week. A failure to break below that support area and break above 1.3690 area should trigger further bullish correction targeting 1.3750 – 1.3850 area as the bearish momentum may have  exhausted. Immediate resistance at 1.3600. Break above that area could trigger further upside pressure re-testing 1.3690 area.