EURUSD Forecast
The EURUSD attempted to push lower yesterday, bottomed at 1.1508 but whipsawed to the upside and closed higher at 1.1602. We have a broadening formation as you can see on my H1 chart below which suggests a potential bullish move targeting point 3. The bias is bullish in nearest term testing 1.1670 – 1.1725 region. Overall I still prefer a bearish scenario but need a clear break below 1.1520/00 region to resume the bearish phase targeting 1.1450 or lower.

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