EURUSD Forecast

The EURUSD was indecisive on Friday, made a Doji on daily chart. There were some bearish pressures earlier today in Asian session, hit 1.3408. On h4 chart below we can see price is moving in range area of 1.3565 – 1.3384 after broke below the triangle suggests consolidation phase. I still prefer a bearish scenario at this phase but would need a clear break and daily close below 1.3384 to continue the bearish scenario testing 1.3250 and 1.3050 this week. Immediate resistance is seen around 1.3480 – 1.3500. A clear break back above that area could trigger further upside pullback testing 1.3565. The hammer formation seen on Thursday has very little support so far, but a clear break above 1.3565 would give another chance for a bullish pullback scenario.

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