EURUSD Forecast
The EURUSD had a bearish momentum last week and now testing 1.0820 key support area. The bias is bearish in nearest term but my major technical outlook remains neutral and buying around 1.0820 with a tight stop loss remains a good idea. A clear break below 1.0820 could trigger further bearish pressure testing 1.0700 – 1.0650 region this week. Immediate resistance is seen around 1.0865. A clear break above that area could lead price to neutral zone in nearest term testing 1.0900/30 area. Potential daily range today is seen between 1.0820 – 1.0930.
