EURUSD Forecast
The EURUSD continued its bullish momentum last week topped at 1.1435. The bias is bullish in nearest term but from a longer term perspetive I still prefer a bearish scenario at this phase and 1.1380 – 1.1465 area remains a good place to sell targeting 1.1180 – 1.1050 with a tight stop loss above 1.1465. Immediate support is seen around 1.1325. A clear break below that area could lead price to neutral zone in nearest term testing 1.1280/50 area. On the upside, a clear break above 1.1465 would activate my bullish mode.
