[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.3858 and closed at 1.3863 after violated the bullish channel and consistently move below 1.4000. The bias remains bearish in nearest term testing 1.3800 and the trend line support area as you can see on my h4 chart below. Clear break below that area could trigger further bearish momentum targeting 1.3700 even 1.3500 area this week. Immediate resistance at 1.3896 (current high). Break above that area could lead us to neutral zone in nearest term testing 1.3950 – 1.4000 but overall we are still in bearish bias at this phase.

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday, bottomed at 1.3858 and closed at 1.3863 after violated the bullish channel and consistently move below 1.4000. The bias remains bearish in nearest term testing 1.3800 and the trend line support area as you can see on my h4 chart below. Clear break below that area could trigger further bearish momentum targeting 1.3700 even 1.3500 area this week. Immediate resistance at 1.3896 (current high). Break above that area could lead us to neutral zone in nearest term testing 1.3950 – 1.4000 but overall we are still in bearish bias at this phase.