EURUSD Forecast
The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.0658. We might see some more volatility as a result of FOMC but from technical perspective the bearish scenario is now back on track. The bias is bearish in nearest term testing 1.0550 – 1.0500. Immediate resistance is seen around 1.0700 (H1 EMA 200). A clear break above that area could lead price to neutral zone in nearest term testing 1.0750 – 1.0800 area.
