EURUSD Forecast
The EURUSD attempted to push lower yesterday bottomed at 1.1395 but closed higher at 1.1512 and hit 1.1560 earlier today. The bias is neutral in nearest term. Immediate resistance is seen around 1.1570. A clear break above that area could trigger further bullish pressure testing 1.1620 – 1.1700 region. Immediate support is seen around 1.1485. A clear break below that area could trigger further bearish pressure testing 1.1400. Potential daily range today is seen between 1.1485 – 1.1620. As long as stays above 1.1400 I still prefer a bullish scenario at this phase.
