EURUSD Forecast

The EURUSD was indecisive last week. Price attempted to push higher on Thursday, topped at 1.3320 but closed lower on Friday at 1.3194 after bottomed at 1.3154. There were some upside pressures earlier today hit 1.3258. The bias is neutral in nearest term. The overall bullish bias since bounced from 1.2625 remains intact and I still prefer a bullish intraday scenario at this phase but market remains volatile with disappointing bullish run in the last two weeks, moving in a sideways condition. On the upside, immediate resistance which is also the nearest bullish target remains around 1.3375. On the downside, a clear break and daily close below 1.3150 could trigger further bearish pressure testing key support around 1.3085 and the trend line support as you can see on my h4 chart below. Only a clear break below the trend line support and 1.3085 would stop the bullish outlook and activate my bearish mode.

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