[m.youssif]

EURUSD Forecast
The EURUSD was volatile but indecisive yesterday. Price slipped below 1.3700 but whipsawed to the upside and closed higher at 1.3774. The bias is bullish in nearest term testing 1.3900 – 1.3950 area. The 1.3700 area is an important support at this phase so a strong rejection to move consistently below that area could trigger further upside momentum in nearest term but overall I think we are still in a bearish bias. Immediate support at 1.3750. Break below that area could trigger further bearish pressure re-testing 1.3700 but we need a clear break below 1.3700 to continue the bearish scenario testing 1.3500 area.

[m.youssif]

EURUSD Forecast
The EURUSD was volatile but indecisive yesterday. Price slipped below 1.3700 but whipsawed to the upside and closed higher at 1.3774. The bias is bullish in nearest term testing 1.3900 – 1.3950 area. The 1.3700 area is an important support at this phase so a strong rejection to move consistently below that area could trigger further upside momentum in nearest term but overall I think we are still in a bearish bias. Immediate support at 1.3750. Break below that area could trigger further bearish pressure re-testing 1.3700 but we need a clear break below 1.3700 to continue the bearish scenario testing 1.3500 area.