EURUSD Daily Forecast: May 21

EURUSD Forecast
The EURUSD continued its bearish momentum last week bottomed at 1.1749 and hit 1.1744 earlier today in Asian session. Price broke below the trend line support as you can see on my H1 chart below suggests a bearish continuation outlook as a part of the descending triangle bearish scenario on the daily chart. The bias remains bearish in nearest term testing 1.1700 area. Immediate resistance is seen around 1.1785-1.1800 area. A clear break back above that area could lead price to neutral zone in nearest term but as long as stay below 1.1920 I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.1700 would expose 1.1550 region.