EURUSD Forecast
The EURUSD was indecisive yesterday. Price attempted to push higher, topped at 1.0946 but whipsawed to the downside and slipped below 1.0800 but still unable to stays below 1.0800 so far. As you can see on my H4 chart below price has been moving inside a range area between 1.1060 – 1.0800. The bias is bearish in nearest term but need a clear break below 1.0800 to continue the bearish scenario testing 1.0700 area. Immediate resistance is seen around 1.0865. A clear break above that area could lead price to neutral zone in nearest term testing 1.0900/46 but key resistance remains around 1.1060 and the trend line resistance which remains a good place to sell with a tight stop loss. My major technical outlook remains neutral.
