EURUSD Forecast:

The EURUSD made a significant technical movement early today in Asian session, break below my key support level 1.4850. Technically, this fact open a way for a further bearish correction at least re-testing 1.4720 in nearest term, but correction is just a correction and short position is not recommended at this phase. On the upside, 1.4950 remains a good resistance but a valid break above that area should trigger further bullish continuation targeting at least 1.5080 area before aim for 1.5300. I still prefer a bullish scenario.