EURUSD Forecast
The EURUSD was indecisive last week formed a Doji on weekly chart. Price attempted to push higher on Friday, slipped above 1.0969 but failed to close above that resistance area. The bias is neutral in nearest term. Immediate support is seen around 1.0880. A clear break below that area could trigger further bearish pressure testing 1.0800 region. On the upside, a clear break and consistent movement above 1.0969 could trigger further bullish pressure testing 1.1060 and the major trend line resistance which is a good place to sell with a tight stop loss. Overall price has been moving sideways for the last 6 weeks but as long as stays below the major trend line resistance I still prefer a bearish scenario.
