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EURUSD Daily Forecast: May 29

EURUSD Forecast    
The Eurusd was indecisive last week. Price attempted to push higher topped at 1.1267 but whipsawed to the downside and closed lower at 1.1177. The bias is neutral in nearest term but overall I still prefer a Bullish Scenario. As you can see on my H1 chart below price is testing the H1 EMA 200 located around 1.1160. A clear break below that area could trigger further bearish pressure testing 1.1080 support area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1200. A clear break above that area could trigger further bullish pressure retesting 1.1267 area which need to be clearly broken to the upside to continue the bullish scenario testing 1.0300 – 1.0350 region.



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EURUSD Daily Forecast: May 29

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