EURUSD Daily Forecast: June 04

EURUSD Forecast
The EURUSD attempted to push lower last week, bottomed at 1.1510 but whipsawed to the upside and closed higher at 1.1660. From an H1 chart perspective as you can see on my H1 chart below, price is now struggling around the EMA 200, moving back and forth between 1.1725 – 1.1640 range area. We need a clear break from that range area to see clearer direction. Selling around 1.1725/50 with a tight stop loss is a good plan, as a clear break above 1.1725 could resume the bullish correction testing 1.1825 region. On the downside, a clear break and daily close below 1.1640 would reactivate my bearish mode retesting 1.1510/20 region.