EURUSD Forecast

The EURUSD had a significant bearish momentum yesterday, broke below the trend line support as you can see on my hourly chart below. This fact ends my bullish outlook and turns my intraday day bias to a bearish view testing 1.3700 – 1.3650. Immediate resistance is seen around 1.3900. A clear break above that area could lead price to neutral zone in nearest term but only a clear break and daily close back above 1.3950 could stop the current bearish intraday outlook testing 1.4000 even higher.

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