EURUSD Forecast
The EURUSD was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term probably with a little bearish bias testing 1.1130 support area. On the upside, key intraday resistance to be closely watched is seen around 1.1300 which located around the upper line of the triangle formation as you can see on my H4 chart below. A clear break above that area could trigger further bullish pressure testing 1.1370 area or higher. My major technical outlook remains neutral. Price is still moving inside a bullish (corrective) channel and the lower line of the bullish channel located around 1.1000 – 1.0950 region should provide a good place to buy with a tight stop loss. Potential daily range today is seen between 1.1130 – 1.1300.
