EURUSD Daily Forecast: May 25

EURUSD Forecast
The EURUSD attempted to push higher yesterday, topped at 1.1750 but closed lower at 1.1719 and hit 1.1706 earlier today in Asian session. The bias is bearish in nearest term. Price slipped below a minor bullish channel as you can see on my H1 chart below, suggests a bearish continuation scenario retesting 1.1675. A clear break below that area could trigger further bearish pressure testing 1.1600 – 1.1550 region. Immediate resistance is seen around 1.1750. A clear break above that area could lead price to neutral zone in nearest term testing 1.1800/30 area but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.