EURUSD Forecast
The EURUSD was indecisive yesterday but overall still corrected lower after hit 1.0980 last week. The bias remains neutral in nearest term. The bullish flag formation/scenario remains valid but need a clear break above the flag and 1.0900 to confirm the bullish scenario targeting 1.1000 – 1.1050 area. On the downside, 1.0800 remains a key support. A clear break and daily close below that area could trigger further bearish pressure testing 1.0700 region. My major technical outlook remains neutral.
