EURUSD Forecast

The EURUSD continued its bearish momentum yesterday, bottomed at 1.3495 and hit 1.3436 earlier today in Asian session. The bias remains bearish in nearest term as a part of the bearish scenario since the fall from 1.4246 and the breakdown below the trend line support (red) targeting 1.3350 even retesting October low at 1.3145. Immediate resistance is seen around 1.3520/30 area. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback now is normal and as long as stays below 1.3590 my overall intraday bias remains strongly to the downside.

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