[m.youssif]

EURUSD Forecast
The EURUSD was corrected higher yesterday after failed to break below 1.2968, topped at 1.3181 and closed at 1.3124. The bias is bullish in nearest term especially if price able to make a clear break above the trend line resistance (white) and 1.3181 area testing 1.3250 – 1.3300 but note that as long as price moves inside the bearish channel we are still in a major bearish outlook. I still prefer a bearish scenario but need a clear break below 1.3055 to see further bearish continuation and potentially end the bullish correction targeting 1.2968 – 1.2920 this week.

[m.youssif]

EURUSD Forecast
The EURUSD was corrected higher yesterday after failed to break below 1.2968, topped at 1.3181 and closed at 1.3124. The bias is bullish in nearest term especially if price able to make a clear break above the trend line resistance (white) and 1.3181 area testing 1.3250 – 1.3300 but note that as long as price moves inside the bearish channel we are still in a major bearish outlook. I still prefer a bearish scenario but need a clear break below 1.3055 to see further bearish continuation and potentially end the bullish correction targeting 1.2968 – 1.2920 this week.