EURUSD Daily Forecast: June 01

EURUSD Forecast
The EURUSD was indecisive yesterday, but overall still able to maintain its bullish correction bias. Price broke above the trend line resistance, but still struggling around the EMA 200 as you can see on my H1 chart below. Overall I remain bearish, but a clear break and daily close above 1.1750 could trigger further bullish pressure testing 1.1850 area which would be a serious threat to the major bearish trend. On the downside, we need a clear break at least back below 1.1640 to reactivate my bearish mode retesting 1.1520 or lower.