EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.0904. The bias is neutral in nearest term probably with a little bearish bias testing 1.0850 but key support remains around 1.0800. Immediate resistance is seen around 1.0975. A clear break above that area could trigger further bullish pressure testing 1.1050 and keep the bullish scenario targeting the trend line resistance alive and kicking. Fundamental focus will be on the FOMC interest rate decision on Wednesday/Thursday where the Fed is widely expected to raise interest rate for the first time since 2006. My major technical outlook is neutral.
