The EURUSD had a strong bearish momentum on Friday, erased intraday gains against the Greenback on minor bullish correction since Monday and now retesting 1.3361 support area (Monday’s low). Judging from the strength of the bearish momentum on Friday which formed a huge bearish daily candle, price shouldn’t have much problem of breaking 1.3361 support area and seems ready to continue its major bearish scenario since the fall from 1.4939 and strong bearish run from 1.4530, targeting 1.3000 psychological level. On the upside, the falling wedge bullish warning also remains intact but need at least a movement back above 1.3500 to postpone the major bearish continuation scenario.

Have a great weekend and see you guys next week.

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