EURUSD Daily Forecast: August 10

EURUSD Forecast
The EURUSD had a bearish momentum yesterday after failed to break above the lower line of the triangle as you can see on my H4 chart below, bottomed at 1.1525 and hit 1.1517 earlier today in Asian session. The bias is bearish in nearest term testing 1.1500 key support which need to be clearly broken to the downside to resume the major bearish trend testing 1.1435/00 region. Immediate resistance is seen around 1.1575. A clear break above that area could lead price to neutral zone in nearest term testing 1.1625 area.