EURUSD Daily Forecast: July 04

EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term, but as you can see on my H1 chart below, the trend line resistance has been breached twice already, which could be a serious threat to the bearish phase. A clear break and daily close above 1.1690 would confirm the invalidation of the bearish phase retesting 1.1850 area. On the downside, we need a clear break below 1.1590 to 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 major bearish scenario.