EURUSD Forecast
The EURUSD had a significant bearish momentum last week broke below the bullish channel as you can see on my hourly chart below and hit 1.0964 earlier today. The bias is bearish in nearest term testing 1.0900 – 1.0850. Immediate resistance is seen around 1.1050. A clear break above that area could lead price to neutral zone in nearest term but overall I prefer a bearish scenario at this phase.
