[m.youssif]

EURUSD Forecast
The EURUSD made another indecisive movement yesterday. There are no changes in my short term technical outlook which is remains bearish testing 1.3260 but I will keep paying attention to the long term technical outlook, where a good and strong support is seen around 1.3260 and the lower line of the bullish channel. Immediate resistance at 1.3400 – 1.3450 region. Break above that area would keep the long term bullish outlook intact, but as long as price moves inside the minor bearish channel we are still in a bearish phase.

[m.youssif]

EURUSD Forecast
The EURUSD made another indecisive movement yesterday. There are no changes in my short term technical outlook which is remains bearish testing 1.3260 but I will keep paying attention to the long term technical outlook, where a good and strong support is seen around 1.3260 and the lower line of the bullish channel. Immediate resistance at 1.3400 – 1.3450 region. Break above that area would keep the long term bullish outlook intact, but as long as price moves inside the minor bearish channel we are still in a bearish phase.