EURUSD Daily Forecast: July 11

EURUSD Forecast
The EURUSD had another indecisive movement yesterday. The bias is neutral in nearest term. Price attempted to push lower after broke below the neckline of the H&S formation as you can see on my H1 chart below but closed higher at 1.1744 after bounced-off the EMA 200. The technical target of the H&S pattern has been reached, but only a clear break back at least above 1.1765 would invalidate the H&S bearish scenario testing 1.1850 area. On the downside, we need a clear break below 1.1690 to resume the bearish run testing 1.1650/00 region.