EURUSD Forecast

The EURUSD was indecisive on Friday, made a Doji on daily chart but overall we had a bearish weekly candle stick last week. My overall intraday bias remains to the downside but need a clear break below 1.2947 to continue the bearish scenario targeting 1.2873 even lower as a part of the bearish scenario after formed the double top formation around 1.3520/30 and the break below the bullish channel as you can see on my h4 chart below. Immediate resistance is seen around 1.3050/85 area. A clear break and daily close above that area could trigger further bullish pullback but any upside correction now is normal and we need a clear movement at least above 1.3160 to postpone the bearish scenario.

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