EURUSD Forecast

The EURUSD continued its bullish intraday momentum on Friday, closed at 1.3877 but corrected a little bit lower earlier today in Asian session, testing 1.3830/00 minor support area. A clear break below that area could lead price to neutral zone in nearest term but as long as price stays above 1.3670 (38.2% Fibonacci retracement of 1.4530 – 1.3145) I still prefer a bullish intraday scenario at this phase, testing 1.3935 – 1.4000 as a part of the bullish scenario after violated the bearish channel as you can see on my hourly chart below. On the downside, a clear break and daily close back below 1.3670 could be a threat to the current bullish intraday outlook testing 1.3500 region.

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