EURUSD Forecast
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term. Price is in a consolidation phase but overall I still prefer a bearish scenario targeting 1.1050. Immediate resistance is seen around 1.1235 followed by 1.1270 – 1.1300. Key intraday support is seen around 1.1165/50 A clear break below that area could trigger further bearish pressure testing 1.1100 – 1.1050 region.
