EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.0820 but closed a little bit higher at 1.0865 after gapped higher on French election.  The bias is neutral in nearest term. Price failed to close above 1.0873 – 1.0905 key resistance, suggests another potential bearish pullback retesting the trend line support and 1.0650 region. We also have a potential double top scenario as you can see on my daily chart below which support the bearish outlook. On the upside, a clear break and daily close above 1.0873 – 1.0905 would expose 1.1000 – 1.1050 region. Overall I remain neutral.

eurusddaily

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