EURUSD Forecast
The EURUSD was indecisive last week. Price broke above the triangle formation, topped at 1.1494 but closed lower at 1.1347. The bias is neutral in nearest term. The bullish scenario after break above the triangle should remain intact but a clear break below 1.1350/30 would be a threat to the bullish scenario testing 1.1250 area. Immediate resistance is seen around 1.1400. A clear break above that area could trigger further bullish pressure testing 1.1450 – 1.1500 region. My major technical outlook remains neutral.
