EURUSD Forecast

The EURUSD failed to continue the bullish momentum yesterday, slipped below 1.4320 support area and broke below the bullish channel as you can see on my hourly chart below. This fact stops the bullish momentum since the appearance of the inverse H&S formation. The bias is bearish in nearest term testing 1.4190 support area. Immediate resistance at 1.4320/40. A clear break above that area would change the intraday bias back to bullish, reactivate my bullish mode and keep the inverse H&S bullish scenario remains strong, still testing 1.4496. On the other hand, a clear break below 1.4190 would open the door for another retest of 1.4000 strong/psychological support area.

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