EURUSD Daily Forecast: May 23

EURUSD Forecast
The EURUSD was indecisive yesterday. Price attempted to push higher, topped at 1.1829 but closed lower at 1.1778 and hit 1.1754 earlier today in Asian session after a broken trend line retest as you can see on my H1 chart below. The bias is bearish in nearest term retesting the “tail” of the bullish pin bar (daily chart) at 1.1716 which need to be clearly broken to the downside to resume the bearish trend targeting 1.1550 area. Immediate resistance is seen around 1.1789 (current high). A clear break above that area could lead price to neutral zone in nearest term retesting the broken trend line support and 1.1830/50 region.