EURUSD Forecast

The EURUSD attempted to push lower yesterday, slipped below 1.3075 and the trend line support (see my h4 chart below), bottomed at 1.3025 but whipsawed to the upside, topped at 1.3217 and closed at 1.3168. This fact keeps the bullish scenario remains strong and the H&S bearish scenario is no longer valid. As long as stays above 1.3000 I still prefer a bullish intraday scenario at this phase. Overall price has been moving sideways since Monday and need a clear break and daily close above 1.3250/75 to continue the bullish scenario. I think movement can still be tricky but overall I am still in a bullish intraday mode. Immediate support is seen around 1.3145. A clear break below that area could trigger further bearish pressure testing 1.3075/25. On the upside, a clear break and daily close above 1.3250/75 could trigger further bullish scenario testing 1.3375 even 1.3530.

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