EURUSD Forecast

The EURUSD still able to maintain its bearish intraday bias so far and hit 1.4102 earlier today in Asian session and seems ready to make another downside pressure testing the lower line of my triangle formation as you can see on my h4 chart below and 1.4000 strong support area. A clear break below 1.4000 could open the door for further downside scenario testing 1.3800. Immediate resistance at 1.4200. A clear break above that area would lead us to neutral zone in nearest term testing 1.4250 – 1.4320 but as long as price stays below b1.4320/40 my overall intraday bias remains to the downside.

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