EURUSD Forecast

The EURUSD attempted to push lower yesterday, bottomed at 1.3500 but whipsawed to the upside, hit 1.3693. On hourly chart below we can see price is moving inside a minor bullish channel suggests a bullish correction phase testing 1.3735. A clear break and daily close above that area could trigger further upside pullback testing 1.3835/80 region. My overall technical bias remains to the downside and any upside pullback now is normal. Immediate support is seen around the lower line of the minor bullish channel. A clear break below the bullish channel and 1.3570 support area could end the bullish correction and resume the bearish scenario, still testing 1.3400 this week.

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