EURUSD Daily Forecast: July 02

EURUSD Forecast
The EURUSD was volatile but indecisive last week. Price attempted to push lower, bottomed at 1.1527 but whipsawed to the upside and closed higher at 1.1682. The bias is bullish in nearest term. Price slipped above the trend line resistance as you can see on my H1 chart below, which is a serious threat to the bearish phase especially if price able to stay consistently above 1.1690 retesting 1.1850 this week. Immediate support is seen around 1.1630. A clear break back below that area would keep the bearish phase alive and kicking retesting 1.1530/00 key support which need to be clearly broken to the downside to resume the bearish scenario.