EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.0799 but whipsawed to the downside and slipped below the lower line of the bullish channel as you can see on my hourly chart below. The bias is bearish in nearest term, but I need a clear break below 1.0670 to reactivate my bearish mode targeting 1.0500 region. Immediate resistance is seen around 1.0750. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish correction phase remains intact testing 1.0800 – 1.0850 area.
