EURUSD Forecast

The EURUSD continued its bullish momentum yesterday, topped at 1.3264 and closed at 1.3228 after broke above 1.3200. The bias remains bullish in nearest term testing 1.3290 – 1.3330. A clear break above that area could trigger further bullish pressure testing 1.3400 region. Immediate support is seen around 1.3200 – 1.3190. A clear break below that area could lead price to neutral zone in nearest term. The double top bearish scenario should remain intact but would need a clear break at least back below 1.3130 to keep the bearish scenario remains strong retesting 1.3000 key support area.

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