Attached is the 1H chart for EURUSD. Friday was an interesting day with the price making another attempt to break the resistance at 1.41. This attempt failed and what this has caused is that it has now resulted in a double top at 1.41 and now price is falling as i write.
I would expect the fall to continue through the day though the Asian session is usually quite misleading. But there are quite strong signs that the USD is going to strengthen today and it would be interesting to see how the day works out.
If the price does move down, then the support are at 1.4010 and then at 1.3977 and then at 1.3916.
On the upside, the resistances are at 1.4070 and then at 1.41 which should prove to be a strong resistance and i dont expect it to be broken today.
Overall, the trend should be bearish for the day but any clean break of 1.41 should signal higher prices though i dont whether it will happen today.
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