[m.youssif]

EURUSD Forecast
The EURUSD continued its bullish correction yesterday, topped at 1.3667 and closed at 1.3655. The bias remains bullish in nearest term testing 1.3700 – 1.3750 but I think the major bearish scenario remains intact and the current bullish momentum is still considered as a counter trend move. Immediate support at 1.3550. Break below that area could potentially end the current bullish correction testing 1.3500 – 1.3450 area.

[m.youssif]

EURUSD Forecast
The EURUSD continued its bullish correction yesterday, topped at 1.3667 and closed at 1.3655. The bias remains bullish in nearest term testing 1.3700 – 1.3750 but I think the major bearish scenario remains intact and the current bullish momentum is still considered as a counter trend move. Immediate support at 1.3550. Break below that area could potentially end the current bullish correction testing 1.3500 – 1.3450 area.