EURUSD Forecast
The EURUSD was indecisive yesterday. Price attempted to push higher topped at 1.1011 but whipsawed to the downside and hit 1.0865 earlier today. The bias is bearish in nearest term testing 1.0800 key support. Price failed to keep its bullish momentum but as long as stays above 1.0800 the bullish scenario challenging the trend line resistance should remain valid. Immediate resistance is seen around 1.0925. A clear break above that area could lead price to neutral zone in nearest term testing 1.1100 region. Fundamental focus today will be on the German Ifo Business Climate and US Philly Fed Manufacturing Index and Unemployment Claims. My major technical outlook remains neutral.
