EURUSD Daily Forecast: May 24

EURUSD Forecast
The EURUSD continued its bearish momentum yesterday bottomed at 1.1675 after retesting a broken trend line support as you can see on my H1 chart below. Price also broke below 1.1716 which invalidates the bullish pin bar scenario (daily chart). The bias remains bearish in nearest term testing 1.1600 – 1.1550 support area. Immediate resistance is seen around 1.1750. A clear break back above that area could lead price to neutral zone in nearest term testing 1.1800 area but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.