[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish bias yesterday but still unable to make a clear break below Friday’s low around 1.3560/70 area. The bias remains bearish in nearest and medium term targeting 1.3500 – 1.3333 this week especially if price able to make a clear break below 1.3560/70 support area. Immediate resistance at 1.3650. Break above that area could lead us to neutral zone in nearest term testing 1.3700 but overall we are still in bearish phase. CCI still maintain position in negative territory on h4 chart suggests that the current bearish momentum is strong enough.

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish bias yesterday but still unable to make a clear break below Friday’s low around 1.3560/70 area. The bias remains bearish in nearest and medium term targeting 1.3500 – 1.3333 this week especially if price able to make a clear break below 1.3560/70 support area. Immediate resistance at 1.3650. Break above that area could lead us to neutral zone in nearest term testing 1.3700 but overall we are still in bearish phase. CCI still maintain position in negative territory on h4 chart suggests that the current bearish momentum is strong enough.