EURUSD Daily Forecast: July 10

EURUSD Forecast
The EURUSD was indecisive yesterday. Price attempted to push higher topped at 1.1790 but closed lower at 1.1750. The bias is neutral in nearest term. Overall price is still in a bullish short term bias but as you can see on my H1 chart below, we have a potential H&S bearish formation which will be validated by a clear break below the neckline located around 1.1730 testing 1.1690 – 1.1650 region. On the upside, we need a clear break above1.1790 to invalidate the H&S bearish scenario and resume the bullish phase testing 1.1850 resistance area.