EURUSD Forecast
The EURUSD was indecisive yesterday. Price slipped below the H1 EMA 200, bottomed at 1.1213 but whipsawed to the upside and hit 1.1316 earlier today. While my major technical outlook remains neutral, the false break below the H1 EMA 200 could create a bullish short term scenario. The bias is bullish in nearest term testing 1.1400 area. On the downside, the H1 EMA 200 (1.1250)remains an important support at this phase. Fundamental focus will be on the FOMC statement/press conference which is expected to be a market catalyst and give a clearer technical direction at least in short term perspective.
