EURUSD Forecast

The EURUSD attempted to push higher yesterday, topped at 1.3201 but whipsawed to the downside, bottomed at 1.3073, closed at 1.3090 and corrected a little bit higher hit 1.3142 earlier today in Asian session. Overall we are still in downside bias, but as you can see on my h4 chart below, the trend line support still hold so far. We need a clear break below the trend line support and 1.3060 support area to continue the bearish scenario targeting 1.2968 – 1.2920 this week. Immediate resistance at 1.3170 followed by 1.3250.

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