EURUSD Forecast

The EURUSD had a significant bearish momentum yesterday, broke below the trend line support as you can see on my h4 chart below and bottomed at 1.3102. This fact gives further confirmation for the double top bearish reversal scenario testing 1.3000. Immediate resistance is seen around 1.3200 – 1.3250. I don’t expect any movement above 1.3250 as it would postpone the bearish scenario and activate my wait and see mode as direction would become unclear.

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