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EURUSD Forecast
The EURUSD was corrected higher yesterday, broke above 1.3120 and hit 1.3160. The bias is bullish in nearest term testing 1.3170 – 1.3200/20. I still prefer a bearish scenario at this phase but need a clear break and daily close below 1.3000 and the EMA 200 to continue the bearish scenario. Immediate support is seen around 1.3100 – 1.3090. A clear break below that area could lead price to neutral zone in nearest term testing 1.3050/00. On the upside, a clear break and daily close above 1.3200/20 could trigger further bullish pressure testing 1.3300 area.
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