EUR/USD Forecast
The EUR/USD attempted to push lower last week bottomed at 1.1233 but closed higher at 1.1298 and hit 1.1324 earlier today in Asian session. We have a Bullish Pin Bar printed at 1.1270 – 1.1215 key support area as you can see on my daily chart below, suggests a potential bullish scenario. The bias is bullish in nearest term testing 1.1400 area. On the downside, only a clear break below 1.1233/15 would invalidate the bullish pin bar scenario and resume the major bearish trend testing 1.1125 area. On the upside, a clear break and daily close above 1.1400 would retest 1.1500 – 1.1570 key resistance area which remains a good place to sell.