EURUSD Daily Forecast: May 10

EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Price is moving inside a 75-pips range area between 1.1895 – 1.1820 as you can see on my H1 chart below suggests a consolidation phase. A clear break above 1.1895 could trigger further bullish pullback testing 1.1935/50 region but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break below 1.1820 would expose 1.1750 region (weekly EMA 200).