EURUSD Forecast
The EURUSD had another gap earlier today, opened lower at 1.0991 and hit 1.0967. The bias is bearish in nearest term but note that last week’s gap was filled so watch out for another bullish pullback filling the gap, not to mention a key support around the trend line support and 1.0950 region as you can see on my hourly chart below. Immediate resistance is seen around 1.1050. A clear break above that area could lead price to neutral zone in nearest term testing 1.1100 – 1.1150 area. On the downside, a clear break and daily close below 1.0950 could trigger further bearish scenario testing 1.0800 area.
