EURUSD Forecast
The EURUSD was indecisive yesterday. The bias remains bearish in nearest term. 1.0820 key support still holds but we haven’t seen significant buyers so far and overall the pressure remains to the downside. Buying around 1.0820 with a tight stop loss remains a good plan as a clear break below that key support could trigger further bearish pressure testing 1.0700 – 1.0650 this week. Immediate resistance is seen around 1.0865/70. A clear break above that area could lead price to neutral zone in nearest term testing 1.0900/30 region. Potential daily range today remains between 1.0820 – 1.0930.
