EURUSD Forecast

The EURUSD was corrected higher yesterday after broke above 1.3240 but 1.3361 resistance area still hold so far. The bias is bullish in nearest term but I still prefer a bearish scenario at this phase and the current bullish correction is normal and should be seen as a corrective movement. However, a clear break and daily close back above 1.3361 could stop my intraday bearish outlook, testing 1.3520 resistance area. Immediate support is seen around 1.3230 – 1.3200 area. A clear break below that area could stop the current short term bullish corrective bias testing 1.3145 and keeps the major bearish scenario testing 1.3050 – 1.3000 remains strong.

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