EURUSD Forecast

The EURUSD had another volatile but indecisive movement last week. Price attempted to push lower but found a good support around 1.3000 and closed higher at 1.3172 on Friday. The double top bearish scenario remains intact and I still prefer a bearish scenario at this phase but nearest term bias remains bullish testing 1.3200. A clear break above that area could trigger further bullish pullback testing 1.3290 key resistance area. Immediate support is seen around 1.3130. A clear break below that area could lead price to neutral zone in nearest term but would give another chance for the bearish scenario retesting 1.3000 key support area.

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