EURUSD Daily Forecast

The EURUSD didn’t make significant movement yesterday. The pair attempted to push lower, bottomed at 1.3747 but further bearish momentum was rejected as the price  whipsawed to the upside, top at 1.3930 but closed lower at 1.3857. The bias is neutral in nearest term and I think we are now in no trading zone, but I still focus on the potential head and shoulders bearish scenario especially if the price manage to move consistently below 1.3790. Immediate resistance at 1.3930 (yesterday’s high) followed by 1.4050.