EURUSD Forecast
The EURUSD was indecisive yesterday but overall still able to maintain its bullish bias so far. The bias remains bullish in nearest term testing 1.1100 area before challenging the trend line resistance as you can see on my H4 chart below. Immediate support is seen around 1.0980. A clear break below that area could lead price to neutral zone in nearest term testing 1.0925 but as long as stays above 1.0800 I still prefer a bullish scenario at this phase. Fundamental focus today will be on German ZEW Economic Sentiment and US CPI numbers but the most anticipated event this week is the FOMC interest rate decision on Wednesday/Thursday where the Fed is widely expected to raise interest rate for the first time since 2006.
