EURUSD Forecast
The EURUSD had a strong bearish momentum yesterday bottomed at 1.1133. The bias is bearish in nearest term testing 1.1100 – 1.1050 area. Immediate resistance is seen around 1.1200. A clear break above that area could lead price to neutral zone in nearest term testing 1.1250/80 but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
