EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias. Price is still in a bullish phase but found a strong resistance at 1.3400 which needs to be clearly broken to the upside to continue the bullish scenario. Immediate resistance is seen around 1.3315/30. A clear break above that area could trigger further bullish pressure retesting 1.3400. On the downside, key support is seen around 1.3200 – 1.3150. A clear break and daily close below that area would be a threat to the bullish scenario and could be an early signal of a bearish reversal scenario testing 1.3000.
The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias. Price is still in a bullish phase but found a strong resistance at 1.3400 which needs to be clearly broken to the upside to continue the bullish scenario. Immediate resistance is seen around 1.3315/30. A clear break above that area could trigger further bullish pressure retesting 1.3400. On the downside, key support is seen around 1.3200 – 1.3150. A clear break and daily close below that area would be a threat to the bullish scenario and could be an early signal of a bearish reversal scenario testing 1.3000.
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