EURUSD Forecast

The EURUSD continued its bearish intraday bias yesterday, as a part of the bearish scenario after made a false breakout above the triangle as you can see on my daily chart below. Overall price is still in consolidation phase but my short term technical bias remains bearish testing 1.4300 – 1.4250 and the lower line of the triangle. From a broader point of view like I mentioned yesterday, this fact keeps the bearish correction scenario since the bearish pullback from 1.4939 remains intact and a clear break below the triangle could continue the bearish correction scenario testing the lower line of the major bullish channel (white channel). Immediate resistance remains around 1.4450 region. A clear break above that area could lead price to neutral zone in nearest term testing 1.4500/50 area.

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