EURUSD Daily Forecast: January 04

EURUSD Forecast
The EURUSD was corrected lower yesterday bottomed at 1.2001. The bias is bearish in nearest term testing 1.1960/20 support area. Immediate resistance is seen around 1.2040. A clear break above that area could lead price to neutral zone in nearest term testing 1.2090 key resistance area which need to be clearly broken to the upside to continue the major bullish scenario. On the downside, a clear break and daily close back below 1.1960/20 would activate my neutral mode as a double top formation might be in the making. On the upside, a clear break and daily close above 1.2090 would expose 1.2175 – 1.2220 region.