EURUSD Daily Forecast: January 11

EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.2017 but closed lower at 1.1947, printed a bearish pin bar as you can see on my daily chart below. The bias is bearish in nearest term testing 1.1900 – 1.1850 support area. Immediate resistance is seen around 1.2000/17 region. A clear break above that area could lead price to neutral zone in nearest term testing 1.2090 key resistance area. On the downside, a clear break and daily close below 1.1850 would give further support for the making of double top formation with key support/neckline at 1.1550 level. Only a clear break above 1.2090 would eliminate the potential of double top bearish scenario.