EURUSD Forecast
The EURUSD attempted to push higher last week topped at 1.1385 but closed lower at 1.1258. The bias is neutral in nearest term. As you can see on my hourly chart below we have a double top formation around 1.1380 suggests a potential bearish scenario especially if price able to make a clear break below 1.1180 testing 1.1100 – 1.1050. From a longer term perspective I still prefer a bearish scenario and see 1.1380 – 1.1465 area as a good place to sell with a tight stop loss above 1.1465.
