EURUSD Forecast
The EURUSD had another volatile but indecisive movement yesterday. Price attempted to push higher after failed to make a clear break below 1.3570, but also failed to make a clear break above 1.3735 resistance area and traded lower hit 1.3621 earlier today in Asian session. The bias is neutral in nearest term. As long as price stays below 1.3735 my overall intraday bias remains to the downside, still targeting 1.3400 area and any upside consolidation now is normal but need a clear break below 1.3570 to resume the bearish scenario.
The EURUSD had another volatile but indecisive movement yesterday. Price attempted to push higher after failed to make a clear break below 1.3570, but also failed to make a clear break above 1.3735 resistance area and traded lower hit 1.3621 earlier today in Asian session. The bias is neutral in nearest term. As long as price stays below 1.3735 my overall intraday bias remains to the downside, still targeting 1.3400 area and any upside consolidation now is normal but need a clear break below 1.3570 to resume the bearish scenario.
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