EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1156. The bias is bearish in nearest term testing 1.1130 support area but note that price is still moving inside a triangle formation suggests a consolidation phase. A clear break below the triangle and 1.1130 support area could trigger further bearish pressure testing 1.1080 but key support is seen around 1.1000 – 1.0950 which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1200. A clear break above that area could lead price to neutral zone in nearest term testing 1.1300 region. Potential daily range today is seen between 1.1130 – 1.1300. My major technical outlook remains neutral.
