EURUSD Forecast

The EURUSD was volatile but indecisive yesterday, made a Doji on daily chart. Price attempted to push higher, topped at 1.3397 but whipsawed to the downside and closed lower at 1.3313. This fact keeps the bearish scenario remains strong. As you can see on my hourly chart below, we have a bearish flag formation, supports the bearish continuation scenario still testing 1.3145 especially if price able to make a clear break below the flag and 1.3270 area.  Immediate resistance remains around 1.3420. A clear break above that area could trigger further bullish pullback but only a clear break above 1.3613 would stop the current bearish intraday outlook.

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