EURUSD Forecast

The EURUSD was indecisive last week. As you can see on my h4 chart below price has been moving sideways since January 26. The bias is neutral in nearest term and need a clear break from the range area to see clearer direction. Price is still in a bullish phase since bounced from 1.2625 and broke above the trend line resistance but no further bullish scenario can be expected until a clear break above 1.3240/50 area. On the downside, a clear break back below 1.3000 could stop the bullish phase, testing 1.2930 even lower. Aggressive intraday traders can long around 1.3000/25 or short around 1.3240/50 with tight stop loss.

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