EURUSD Forecast
The EURUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias testing 1.0650 area and the trend line resistance which is a good place to sell with a tight stop loss above the trend line resistance targeting 1.0500 area. Immediate support is seen around 1.0550. A clear break below that area could trigger further bearish pressure testing 1.0500. On the upside, a clear break and daily close above the trend line resistance would interrupt the bearish scenario testing 1.0800 key resistance area.
