EURUSD Daily Forecast: August 01

EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.1745 but closed lower at 1.1690 and hit 1.1682 earlier today in Asian session after failed to break above the triangle as you can see on my H4 chart below. The bias is bearish in nearest term retesting the lower line of the triangle and 1.1600 – 1.1575 support area. Immediate resistance is seen around 1.1700. A clear break above that area could lead price to neutral zone in nearest term testing 1.1750 region which is a good place to sell with a tight stop loss as a clear break above 1.1750 would be a threat to the major bearish trend testing 1.1850 area. Fundamental focus will be on the US NFP on Friday.