EURUSD Forecast
The EURUSD had a bearish momentum yesterday, broke below 1.1270 support area bottomed at 1.1180. The bias is bearish in nearest term testing 1.1150 – 1.1100 region. My major technical outlook remains neutral but short term outlook is now bearish. Immediate resistance is seen around 1.1240. A clear break above that area could lead price to neutral zone in nearest term testing 1.1270, which is a good area to sell with a tight stop loss. Potential daily range today is seen between 1.1100 – 1.1270.
