EURUSD Forecast
The EURUSD was corrected higher yesterday and hit 1.0996 earlier today. The bias is bullish in nearest term testing 1.1000 area but overall I still prefer a bearish scenario at this phase and 1.1000 – 1.1100 region is a good place to sell with a stop loss above 1.1100 targeting 1.0800. A 1:2 risk/reward ratio plan. Immediate support is seen around 1.0940. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario after broke below the bullish channel remains strong.
