EURUSD Forecast
The EURUSD failed to continue its bullish momentum yesterday and hit 1.1125 earlier today. The bias is neutral in nearest term probably with a little bearish bias testing 1.1050 region. Immediate resistance is seen around 1.1175. A clear break above that area could trigger further bullish pressure testing 1.1250/80 region. My major technical outlook remains unclear/neutral with key resistance seen around 1.1380 – 1.1465. On the downside, key support is seen around the trend line support as you can see on my H4 chart below located around 1.1000 – 1.0950 area. Greece crisis, news and headlines is likely to keep being the main catalyst this week.
