EURUSD Forecast
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance remains around the trend line resistance and 1.1380 area. A clear break above that area could trigger further bullish pressure testing 1.1450 – 1.1500 area. Immediate support remains around 1.1305. A clear break below that area could trigger further bearish pressure testing 1.1250 area. Fundamental focus today will be on the EUR minimum bid rate and ECB press conference. My major technical outlook remains neutral.
