EURUSD Forecast

The EURUSD continued its bearish momentum yesterday, slipped below 1.4000 psychological level but still unable to stay below that key support area so far. The bias remains bearish in nearest term especially if price able to make a clear break below 1.4000 testing 1.3860 – 1.3750 support area this week. Immediate resistance at 1.4070. A clear break above that area could lead us to neutral zone in nearest term testing 1.4140. Any upside pullback after the rejection to move below 1.4000 support area is normal and only a clear break above 1.4230 could stop the current strong bearish intraday outlook.

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