EURUSD Forecast

The EURUSD was indecisive yesterday. Price attempted to push lower, bottomed at 1.3171 but closed higher at 1.3237 and hit 1.3272 earlier today. The bias remains bullish in nearest term testing 1.3290 – 1.3330 area. A clear break above that area could trigger further bullish pressure testing 1.3400 region which would be a threat to the double top bearish scenario. Immediate support is seen around 1.3220. A clear break below that area could lead price to neutral zone in nearest term testing 1.3171 but only a clear break at least below 1.3130 would keep the double top bearish scenario remains strong retesting 1.3000.

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