EURUSD Forecast
The EURUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.0550 but closed higher at 1.0612. The bias is neutral in nearest term. Immediate resistance is seen around 1.0650 which is a good area to sell with a tight stop loss targeting 1.0500. As you can see on my H1 chart below, a clear break and daily close above the trend line resistance and 1.0650 area could trigger further bullish pressure testing 1.0800 region. Fundamental focus today will be on the ECB press conference and The Fed’s Yellen testimony before the Joint Economic Committee and of course, US NFP tomorrow.
