EURUSD Forecast

The EURUSD attempted to push higher yesterday, topped at 1.3667 but closed lower at 1.3584. The bias is neutral in nearest term. On h4 chart below we have a falling wedge formation suggests a potential bullish reversal warning which is a serious challenge to my major bearish scenario. A clear break above the wedge and daily close above 1.3650 could trigger further significant bullish pullback testing 1.3800 – 1.3900 region. Immediate support is seen around 1.3550/30. A clear break below that area could trigger further bearish pressure testing 1.3480/50 region.

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