EURUSD Daily Forecast: July 12

EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1665. The bias is bearish in nearest term as a part of the H&S bearish formation as you can see on my H1 chart below, targeting 1.1600 region. Immediate resistance is seen around 1.1700 area. A clear break above that area could lead price to neutral zone in nearest term testing 1.1750/65 region. On the downside, a clear break and daily close below 1.1600 would retest 1.1510/00 key support area.