EURUSD Forecast
The EURUSD continued its bearish momentum yesterday bottomed at 1.1041. The bias is bearish in nearest term testing 1.0950 and the trend line support as you can see on my h4 chart below. Immediate resistance is seen around 1.1110. A clear break above that area could lead price to neutral zone in nearest term testing 1.1175 – 1.1200 region. Buying around the trend line support and 1.0950 region with a tight stop loss is a good idea considering a choppy market in the last two months.
