[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish pressure yesterday, bottomed at 1.3063 and closed at 1.3099. This fact opens the door for further bearish scenario targeting my weekly target around 1.2920 region. The bias remains bearish in nearest term testing 1.3000 especially if price able to stay consistently below 1.3100. Immediate resistance at 1.3150 (current high). Break above that area could lead us to neutral zone in nearest term testing 1.3200 but overall we are still in strong bearish phase.

[m.youssif]

EURUSD Forecast
The EURUSD continued its bearish pressure yesterday, bottomed at 1.3063 and closed at 1.3099. This fact opens the door for further bearish scenario targeting my weekly target around 1.2920 region. The bias remains bearish in nearest term testing 1.3000 especially if price able to stay consistently below 1.3100. Immediate resistance at 1.3150 (current high). Break above that area could lead us to neutral zone in nearest term testing 1.3200 but overall we are still in strong bearish phase.