EURUSD Forecast
The EURUSD was indecisive last week. Price attempted to push higher, topped at 1.1051 but closed lower at 1.0884 after unable to break above the H4 EMA 200 resistance area as you can see on my H4 chart below. The bias is neutral in nearest term. Immediate support is seen around 1.0850. A clear break below that area could trigger further bearish pressure testing 1.0800 or lower. Immediate resistance is seen around 1.0950. A clear break above that area could trigger further bullish pressure retesting the H4 EMA 200 and 1.1040 key resistance area.
