EURUSD Forecast:

The EURUSD attempted to push lower yesterday, bottomed at 1.3463 but further bearish momentum was rejected as price whipsawed to the upside and closed at 1.3566. The bias is neutral in nearest term. I am still expecting further downside pressure after violation of the bullish channel re-testing key support area around 1.3545/35 area before targeting 1.3100 this week. However, I will pay attention to 1.3600/10 resistance area today. Break above that area could trigger further bullish testing 1.3700/50 region. Initial support at 1.3500. Break below that area should trigger further bearish momentum re-testing 1.3450/35.