EURUSD Forecast
The EURUSD failed to continue its bullish momentum yesterday and hit 1.1357 earlier today. The bias is bearish in nearest term especially if price able to make a clear break below the H1 EMA 200 located around 1.1350 testing 1.1300 – 1.1250 region. The bullish outlook after broke above the triangle should remain valid but a clear break below 1.1350 would activate my “wait and see” intraday mode as direction would become unclear. Immediate resistance is seen around 1.1400. A clear break above that area could lead price to neutral zone in nearest term but would give the bullish scenario another chance testing 1.1500 area. My major technical outlook remains neutral.
