[m.youssif]

EURUSD Forecast
The EURUSD was volatile earlier today in Asian session, bottomed at 1.3895 but whipsawed to the upside, hit 1.3996. The bias is bullish in nearest term testing 1.4028 and the upper line of the bullish channel. A clear break above the bearish channel could be a threat to the bearish outlook re-testing 1.4079 and 1.4158. However note that overall direction still unclear with inconsistent momentum so far and overall bias remains neutral. Immediate support at 1.3895/50 followed by 1.3800.

[m.youssif]

EURUSD Forecast
The EURUSD was volatile earlier today in Asian session, bottomed at 1.3895 but whipsawed to the upside, hit 1.3996. The bias is bullish in nearest term testing 1.4028 and the upper line of the bullish channel. A clear break above the bearish channel could be a threat to the bearish outlook re-testing 1.4079 and 1.4158. However note that overall direction still unclear with inconsistent momentum so far and overall bias remains neutral. Immediate support at 1.3895/50 followed by 1.3800.