EURUSD Forecast

The EURUSD attempted to push lower yesterday, but failed to make a clear break below 1.4000 key support area and whipsawed to the upside hit 1.4171 earlier today in Asian session. The bias is bullish in nearest term testing 1.4230. A clear break above that area could trigger further bullish pullback testing 1.4300/50 region which can be a serious challenge to the strong bearish outlook. Immediate support at 1.4070. A clear break below that area would lead us to neutral zone in nearest term, keep the bearish outlook remains strong retesting 1.4000. We need a clear break below 1.4000 strong support area to continue the bearish outlook testing 1.3860 – 1.3750.

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