EURUSD Forecast
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term, probably with a little bullish bias testing 1.1250 area. Immediate support is seen around 1.1180. A clear break below that area could trigger further bearish pressure testing 1.1100 which need to be clearly broken to the downside to continue the false breakout (above the daily EMA 200)bearish scenario testing 1.1000. On the upside, a clear break above 1.1250 could trigger further bullish pressure testing 1.1300 or higher. Potential daily range today remains between 1.1100 – 1.1250.
