EURUSD Forecast
The EURUSD was corrected higher yesterday topped at 1.1233. The bias is neutral in nearest term, probably with a little bullish bias testing 1.1250 resistance area. A clear break above that area could trigger further bullish pressure testing 1.1300. Overall I still prefer a bearish scenario at this phase but need a clear break below 1.1180/65 to continue the bearish scenario targeting 1.1050. On the upside, a clear break and daily close above 1.1300 could trigger further bullish pressure but 1.1380 – 1.1465 region remains a good place to sell.
