EURUSD Forecast

The EURUSD was volatile but indecisive yesterday. Price attempted to push higher, topped at 1.3539 but closed lower at 1.3453 and bounced higher again earlier today in Asian session hit 1.3503.  There are no changes in my technical outlook. As long as price stays below 1.3590 I still prefer to short on rallies. Price has been moving sideways since the breakdown below 1.3590 but it should be a normal consolidation. Immediate support which is also the nearest bearish target remains around 1.3350 followed by 1.3145. On the upside, only a clear break and daily close back above 1.3590 would lead price to a neutral zone but only a clear movement back above 1.3870 would stop my bearish outlook.

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