EURUSD Forecast
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance remains around 1.0969. A clear break and daily close above that area could trigger further bullish pressure testing 1.1060 and the trend line resistance which remains a good place to sell with a tight stop loss. Immediate support is seen around 1.0880 (H1 EMA 200). A clear break below that area could trigger further bearish pressure testing 1.0800 region. Overall price is still moving sideways without clear direction but as long as stays below the trend line resistance I still prefer a bearish scenario at this phase.
