EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.0802. The bias is bearish in nearest term testing 1.0800 key support which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0860. A clear break above that area could lead price to neutral zone in nearest term testing 1.0900 or higher. As long as stays above 1.0800 the bullish scenario should remain valid challenging the trend line as you can see on my H4 chart below but a clear break and daily/weekly close below 1.0800 would cancel the bullish scenario and activate my bearish intraday mode with nearest target seen around 1.0700. My major technical outlook remains neutral.
