EURUSD Forecast

The EURUSD made another indecisive movement on Friday, made another Doji on daily chart. I think we are still in consolidation and critical phase but it looks like the pressure is more to the downside. On h4 chart below we can see price is now testing the 1.3170 key support area. A clear break below that area could trigger further bearish pressure testing 1.3100 – 1.3050 in nearest term. Immediate resistance at 1.3280. Break above that area could trigger further upside momentum testing 1.3350 but only a clear break above 1.3438 could be a threat to the bearish scenario.

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