EURUSD Forecast

The EURUSD was indecisive yesterday, made a Doji on daily chart but overall still able to maintain its bullish intraday bias after found support around 1.4200 and hit 1.4305 earlier today in Asian session. The bias is bullish in nearest term testing 1.4338. A clear break above that area could open the door for further bullish momentum testing 1.4440 resistance area. Immediate support at 1.4250. A clear break below that area could lead us to neutral zone in nearest term retesting 1.4200. My medium bearish outlook since the fall from 1.4939 remains intact as long as price moves below 1.4440 but only a clear break below 1.4120 could continue the bearish scenario and reactivate my bearish mode testing 1.4000 strong/psychological support area.

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