EURUSD Forecast
The Eurusd was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase, still respecting the EMA 200 and the trend line support as you can see on my H1 chart below. Immediate resistance is seen around 1.0820. A clear break above that area would expose 1.0873 area but note that from a daily chart perspective 1.0830 – 1.0873 area remains a good place to sell with a tight stop loss. Immediate support is seen around 1.0775. A clear break below that area could trigger further bearish pressure testing 1.0725 and the EMA 200/trend line support. On the upside, a clear break above 1.0873 would activate my bullish mode.
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