EURUSD Daily Forecast: May 28

EURUSD Forecast
The EURUSD continued its bearish momentum last week bottomed at 1.1645. Price gapped higher earlier today, opened at 1.1685 and hit 1.1712. The bias remains bearish in nearest term retesting 1.1645. Immediate resistance is seen around 1.1720 located around a minor trend line resistance as you can see on my H1 chart below. A clear break above that area could lead price to neutral zone in nearest term testing the H1 EMA 200 located around 1.1765 but overall 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 1.1645 could easily target 1.1600 – 1.1550 region.