EURUSD Forecast:

The EURUSD attempted to push higher yesterday, topped at 1.3817 but closed lower at 1.3734 and keep moving lower around 1.3720 at the time I wrote this comment. While technical bullish view remains intact as price still move inside the bullish channel after formed a triple top formation, Euro bullishness is limited by hesitation on the Greek rescue package which is so far can’t really convince the market and could still weigh on Euro. Immediate support at 1.3670 area. Consistent move below that area should trigger further bearish momentum towards 1.3530 area and could be a serious threat to the bullish reversal scenario. On the upside, break above 1.3850 should trigger further bullish momentum towards 1.4020/50 area.