EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.1300 resistance area. Potential daily range today remains between 1.1130 – 1.1300 and we need a clear break from that range area and the triangle formation to see clearer direction. Aggressive intraday traders can sell around 1.1300 or buy around 1.1130 with a tight stop loss. A clear break and daily close above 1.1300 could trigger further bullish pressure testing 1.1400 – 1.1450 area. On the downside, a clear break and daily close below 1.1130 could trigger further bearish pressure testing 1.1000 – 1.0950 which remains a good place to buy with a tight stop loss. My major technical outlook remains neutral.
