EURUSD Forecast
The EURUSD had another indecisive movement yesterday. Price attempted to push lower but failed to break below 1.0800 support area and hit 1.0895 earlier today. Overall I still prefer a bearish scenario at this phase but the bias is bullish in nearest term testing the minor trend line resistance and 1.0969 resistance area as you can see on my H4 chart below which is a good place to sell with a tight stop loss. A clear break and daily close above 1.0969 could trigger further bullish pullback testing 1.1060 and the major trend line resistance. Immediate support is seen around 1.0860. A clear break below that area could lead price to neutral zone in nearest term retesting 1.0800 region.
