EURUSD Forecast
The EURUSD was corrected higher yesterday topped at 1.0682 but traded lower earlier today hit 1.0606. The bias is neutral in nearest term but overall I remain bearish. Immediate support is seen around 1.0590. A clear break below that area could trigger further bearish pressure testing 1.0500 area. Immediate resistance is seen around 1.0700. A clear break above that area could trigger further bullish correction testing 1.0750 – 1.0800 area.
