EURUSD Forecast
The EURUSD had a moderate bearish momentum yesterday but found a good support around the H1 EMA 200 as you can see on my H1 chart below. The bias is bearish in nearest term especially if price able to make a clear break below the H1 EMA 200 and 1.1250 support area testing 1.1200 – 1.1150 region. My major technical outlook remains neutral. Buying around 1.1250 with a tight stop loss seems to be a good idea for now with nearest target seen around 1.1400. Potential daily range today is seen between 1.1250 – 1.1400.
