EURUSD Forecast

The EURUSD continued its bearish momentum yesterday, bottomed at 1.3163 and closed at 1.3189. The bias remains bearish in nearest term testing 1.3050 – 1.3000 support area, as a part of bearish continuation scenario after formed a triple top formation around 1.3670/80 and the failure of the falling wedge formation as you can see on my h4 chart below. Immediate resistance is seen around 1.3240. A clear break back above that area could lead price to neutral zone in nearest term but as long as price stays below 1.3361 my overall intraday bias should remain to the downside.

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