EURUSD Forecast

The EURUSD failed to continue bullish momentum yesterday. The pair attempted to push higher, topped at 1.4303 but further bullish scenario was rejected as the pair whipsawed to the downside, hit bottom at 1.4130 and closed at 1.4171. Consistent move below 1.4150 should trigger further bearish pressure testing 1.4050 support area. Immediate resistance at 1.4250 followed by 1.4336. However the broadening formation as shown on h4 chart below suggests volatile market without clear direction in medium term where price can reach a new low just after it touched a new high which often happen lately. I still prefer to stay away from the market.