EURUSD Forecast

The EURUSD attempted to push higher yesterday, topped at 1.4537 but closed lower at 1.4474 after found a good resistance at the upper line of the triangle as you can see on my h4 chart below. The bias is neutral in nearest term. My overall intraday bias remains to the upside but as long as price moves inside the triangle my h4 chart outlook remains unclear. The market is not trending. Aggressive intraday traders may see the upper line of the triangle as a good place for a short position in this non-trending market with a tight stop loss as a clear movement above the triangle and 1.4550 may lead price to a new bullish phase at least targeting 1.4695 region. Immediate support at 1.4450. A clear break below that area could trigger further bearish pressure testing 1.4350/20 support area.

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