EURUSD Forecast
The EURUSD had a bearish momentum last week and now struggling around the lower line of the bullish channel as you can see on my H4 chart below suggests a critical technical point. The bias is bearish in nearest term. The lower line of the bullish channel remains a good place to buy, but a clear break and daily close below the bullish channel would activate my bearish mode with nearest target seen around 1.0800. Immediate resistance is seen around 1.1070. A clear break above that area could lead price to neutral zone in nearest term testing 1.1150 area.
