EURUSD Forecast

The EURUSD had a bearish momentum yesterday after failed to break above 1.3200, bottomed at 1.3051 and closed at 1.3078. The bias is bearish in nearest term testing 1.3000 – 1.2973 support area. Immediate resistance is seen around 1.3130. A clear break above that area could lead price to neutral zone in nearest term retesting 1.3200 but as long as stays below 1.3290 – 1.3320 the double top bearish scenario should remain intcat and I still prefer to sell on rallies at this phase.

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