EURUSD Forecast
The EURUSD had a bearish momentum yesterday and hit 1.0854 earlier today. The bias is bearish in nearest term testing 1.0820 key support area. Immediate resistance is seen around 1.0900. A clear break above that area could lead price to neutral zone in nearest term testing 1.0950 area. Buying around 1.0820 key/strong support with a tight stop loss is a good idea. A clear break and daily close below 1.0820 would activate my bearish mode with nearest target seen around 1.0650. Potential daily range today is seen between 1.0805 – 1.0900.
