EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1297 and now testing the hourly EMA 200 as you can see on my H1 chart below. The bias is bearish in nearest term but overall I remain bullish and still prefer to buy on dips with a tight stop loss below 1.1280. Immediate resistance is seen around 1.1370. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario remains strong testing 1.1450 – 1.1500 region. On the downside, a clear break and daily close below 1.1280 could trigger further bearish pullback testing 1.1200 area but as long as stays inside the bullish channel I still prefer a bullish scenario at this phase.
