EURUSD Daily Forecast: July 03

EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1591 but closed a little bit higher at 1.1638. The bias is neutral in nearest term, probably with a little bearish bias. Price is traded around the trend line resistance as you can see on my H1 chart below. Immediate resistance is seen around 1.1650 area. A clear break above that area could trigger further bullish pressure but only a clear break above 1.1690 – 1.1700 region would invalidate the current bearish phase. Immediate support is seen around 1.1591. A clear break below that area would expose 1.1550 region or lower.