EURUSD Daily Forecast: August 03

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday bottomed at 1.1582. Price slipped below the lower line of the triangle formation as you can see on my H4 chart below suggests a bearish view. The bias remains bearish in nearest term especially if price able to break below 1.1575 testing 1.1500 key support which need to be clearly broken to the downside to resume the major bearish trend. Immediate resistance is seen around 1.1620. A clear break above that area could lead price to neutral zone in nearest term testing 1.1650 or higher. Fundamental focus today will be on the US NFP.