EURUSD Forecast

The EURUSD was volatile but indecisive yesterday. Price attempted to push higher but closed lower at 1.4432 after rejected to move above 1.4500 resistance. This fact keeps the H&S bearish scenario remains intact but like I said yesterday we need a clear break below the bullish channel to continue the bearish scenario. I will also pay attention to 1.4320 support area as a key support this week. A clear break below that area would open the door for a retest of 1.4000.  Immediate resistance at 1.4450. A clear break back above that area could trigger another bullish attempt retesting 1.4500 but only a clear break above 1.4500/50 could be a threat to the H&S bearish scenario.

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