[m.youssif]

EURUSD Forecast
The EURUSD attempted to push higher yesterday, topped at 1.4049 but whipsawed to the downside and closed significantly lower at 1.3911. This movement still reflect unclear direction this week, a difficult market. I made a new wide bearish channel on h4 chart as a result of volatile, big but unclear movement since Tuesday. So far, I think overall the bearish bias since the fall from 1.4158 remains intact. The bias is neutral in nearest term. Immediate support at 1.3800. Break below that area could trigger further bearish pressure re-testing 1.3700. Immediate resistance at 1.4000. Break above that area could trigger further upside pressure testing the upper line of the bearish channel before re-testing 1.4158.

[m.youssif]

EURUSD Forecast
The EURUSD attempted to push higher yesterday, topped at 1.4049 but whipsawed to the downside and closed significantly lower at 1.3911. This movement still reflect unclear direction this week, a difficult market. I made a new wide bearish channel on h4 chart as a result of volatile, big but unclear movement since Tuesday. So far, I think overall the bearish bias since the fall from 1.4158 remains intact. The bias is neutral in nearest term. Immediate support at 1.3800. Break below that area could trigger further bearish pressure re-testing 1.3700. Immediate resistance at 1.4000. Break above that area could trigger further upside pressure testing the upper line of the bearish channel before re-testing 1.4158.