EURUSD Forecast

The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. There are no changes in my technical outlook. Overall price is still in short term bearish phase since formed the double top formation around 1.3480 but the trend line support still hold so far. We need a clear break and daily close below the trend line support and 1.3150 area to continue the double top bearish reversal scenario testing 1.3000 even lower. On the upside, immediate resistance remains around 1.3320. A clear break above that area could trigger further upside momentum retesting 1.3480 key resistance.

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