EURUSD Forecast
The EURUSD had a bullish momentum yesterday after a series of worse than expected US economic indicators, topped at 1.0706 but traded lower earlier today hit 1.0626. The bias is bullish in nearest term testing 1.0750 but the bullish momentum should be seen as a corrective movement and also a good opportunity to sell with a tight stop loss above 1.0750. Immediate support is seen around 1.0600. A clear break below that area could lead price to neutral zone in nearest term but would keep the major bearish scenario remains strong testing 1.0550 – 1.0500 region.
