EURUSD Forecast
The EURUSD had a bearish momentum last week bottomed at 1.0566 but traded higher earlier today hit 1.0617. The bias is bearish in nearest term testing 1.0550 – 1.0500 before testing 1.0460 area. Immediate resistance is seen around 1.0635. A clear break above that area could lead price to neutral zone in nearest term testing 1.0700 but overall I still prefer a bearish scenario at this phase.
