EURUSD Forecast
The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. Overall I still prefer a bearish scenario at this phase targeting 1.0800 with a tight stop loss above 1.1100. Immediate support is seen around 1.0990. A clear break below that area could trigger further bearish pressure testing 1.0950/00 area. On the upside, a clear break back above 1.1100 would activate my “wait and see” mode as direction would become unclear.
