EURUSD Forecast
The EURUSD had a bullish momentum last week topped at 1.1288 but closed a little bit lower at 1.1196. The bias is neutral in nearest term probably with a little bearish bias especially if price able to make a clear break below 1.1180 testing 1.1100 area but overall I still prefer a bullish scenario at this phase and any downside pullback now should be seen as a good opportunity to buy. Immediate resistance is seen around 1.1235/50. A clear break above that area could trigger further bullish pressure testing 1.1300 – 1.1350 area.
