EURUSD Forecast

The EURUSD had a significant bearish momentum on Friday, formed a huge bearish daily candle and slipped below 1.3361 earlier today in Asian session, hit 1.3312 after forming a triple top formation around 1.3670/80 area last week. Not only my technical bias is bearish in nearest term testing 1.3250 – 1.3200 support area, but the current strong bearish momentum could have a longer term technical impact testing 1.3000.  Immediate resistance is seen around 1.3361. A clear break back above that area could lead price to neutral zone in nearest term testing 1.3450 area but only a clear break back above 1.3520 area would stop the current strong bearish outlook.

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