EURUSD Forecast
The EURUSD attempted to push lower yesterday bottomed at 1.0623 but whipsawed to the upside hit 1.0816. The bias is bullish in nearest term testing 1.0850 – 1.0900. My major bearish outlook remains valid, but as you can see on my hourly chart below price is moving inside a bullish channel suggests a bullish correction phase with key/major resistance seen around 1.1040. Immediate support is seen around 1.0700 (H1 EMA 200). A clear break below that area could lead price to neutral zone in nearest term but only a clear break at least below 1.0600 would end the current bullish correction phase.
