EURUSD Forecast
The EURUSD didn’t make significant movement yesterday and still trapped inside range area. The bias is neutral in nearest term. There are no changes in my technical outlook. We need a clear break from the triangle to see clearer direction. All eyes will be on the FOMC meeting which expected to be a catalyst for a breakout. A clear break above 1.1300 could trigger further bullish pressure testing 1.1400 – 1.1450 region. On the other hand, a clear break below 1.1130 could trigger further bearish pressure testing 1.1000 and the lower line of the bullish channel. My major technical outlook remains neutral.
