EURUSD Forecast

The EURUSD attempted to push lower last week, slipped below 1.3000 and broke below the trend line support as you can see on my h4 chart below but whipsawed to the upside after a speculation Greek will get its second bailout triggered risk appetite sentiment creating broad US Dollar weakness. Price moved back above the trend line support and hit 1.3224 earlier today. Technically, this fact cancels the bearish scenario, keep my medium term outlook remains unclear/sideways but turn my intraday bias back to a bullish view retesting 1.3300/85. Immediate support is seen around 1.3150. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 1.3000 would give the bearish scenario another chance testing 1.2880 area.

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