EURUSD Forecast
The EURUSD was indecisive yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 1.1130 and the lower line of the triangle formation. Potential daily range today remains between 1.1130 – 1.1300. I am expecting a clear break from that range area and the triangle to see clearer direction. A clear break above 1.1300 could trigger further bullish pressure testing 1.1400 – 1.1450 area. A clear break below 1.1130 could trigger further bearish pressure testing the lower line of the bullish channel located around 1.1000 which remains a good place to buy with a tight stop loss. My major technical outlook remains neutral.
