[m.youssif]

EURUSD Forecast
The EURUSD attempted to push lower earlier today in Asian session, hit 1.3181 but corrected a little bit higher around 1.3230 at the time I wrote this comment. Price still able to maintain position below the bullish channel indicates potential further bearish pressure. The bias remains bearish in nearest term testing 1.3100 especially if we have another strong break below 1.3181. Immediate resistance at 1.3290. Break above that area could lead us to neutral zone in nearest term testing 1.3333/50 but overall we are still in strong bearish phase.

[m.youssif]

EURUSD Forecast
The EURUSD attempted to push lower earlier today in Asian session, hit 1.3181 but corrected a little bit higher around 1.3230 at the time I wrote this comment. Price still able to maintain position below the bullish channel indicates potential further bearish pressure. The bias remains bearish in nearest term testing 1.3100 especially if we have another strong break below 1.3181. Immediate resistance at 1.3290. Break above that area could lead us to neutral zone in nearest term testing 1.3333/50 but overall we are still in strong bearish phase.