EURUSD Forecast

The EURUSD attempted to push higher yesterday, topped at 1.4498 but again, found a good intraday resistance at the upper line of my triangle as you can see on my hourly chart below and hit 1.4399 earlier today in Asian session. This fact keeps my technical outlook remains unclear and it’s still a no trade zone for me. Aggressive intraday traders may take the advantage from this consolidation phase, short around the upper line of the triangle and 1.4500 region or long around the lower line of the triangle and 1.4250 region due to a good risk – reward ratio with tight stop loss on a break on either side of the triangle.  Immediate support remains around 1.4350 followed by 1.4250 and the lower line of the triangle.

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