EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday slipped below the bullish channel as you can see on my hourly chart below. The bullish scenario is in a serious threat. The bias remains bearish in nearest term testing 1.1050 key support. A clear break and daily close below that area would give further confirmation to the bearish reversal scenario and activate my bearish mode. Immediate resistance is seen around 1.1150. A clear break above that area could lead price to neutral zone in nearest term testing 1.1200.

eurusdhourly

By FXOpen