EURUSD Daily Forecast: January 09

EURUSD Forecast
The EURUSD had a significant bearish momentum yesterday fell below the range area as you can see on my daily chart below, bottomed at 1.1955. This fact is a serious threat to the major bullish outlook as a double top formation (1.2090) could be in the making. The bias is bearish in nearest term testing 1.1900 region. Immediate resistance is seen around 1.2000. A clear break back above that area could lead price to neutral zone in nearest term testing 1.2050 but key resistance remains at 1.2090. Overall I am neutral on this pair.