EURUSD Forecast
The EURUSD continued its bearish momentum yesterday bottomed at 1.1086. The bias remains bearish in nearest term testing 1.1000. Immediate resistance is seen around 1.1180. A clear break above that area could lead price to neutral zone in nearest term testing 1.1250 region but as long as stays below the H1 EMA 200 I still prefer a bearish scenario at this phase as a part of the bearish scenario after the false breakout above the daily EMA 200 last week. Potential daily range today is seen between 1.1000 – 1.1180.
