EURUSD Daily Forecast: January 10

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday bottomed at 1.1915. The bias remains bearish in nearest term testing 1.1900 – 1.1850 region , an area between the violated trend line resistance (1 ) and a trend line support (2) as you can see on my daily chart below. A clear break and daily close below the trend line support and 1.1850 would give further support for the making of double top formation with key support/neckline at 1.1550 level. Immediate resistance is seen around 1.1975. A clear break above that area could lead price to neutral zone in nearest term testing 1.2025 area but key resistance remains at 1.2090 which need to be clearly broken to the upside to invalidate the double top scenario and reactivate my bullish mode.