EURUSD Forecast

The EURUSD was volatile yesterday but overall still able to maintain its bearish bias and now struggling around 1.3600 area. The bias is bearish in nearest term still testing 1.3500 – 1.3400 area. Immediate resistance is seen around 1.3650. A clear break back above that area could lead price to neutral zone in nearest term retesting 1.3700/35 region but my overall intraday bias remains to the downside after the violation to the bullish channel as you can seen on my hourly chart below. Price also still moves below EMA 200 on hourly, h4 and daily chart still suggests a strong bearish outlook.

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