EURUSD Forecast** *
The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.1000 resistance area. Immediate support is seen around 1.0880/50. A clear break below that area could trigger further bearish pressure testing 1.0800 key support. Potential daily range today is seen between 1.0880 – 1.1000. My major technical outlook remains neutral. I’m starting to prefer* bearish scenario but need a clear break below 1.0800 key support to activate my bearish mode.
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The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.1000 resistance area. Immediate support is seen around 1.0880/50. A clear break below that area could trigger further bearish pressure testing 1.0800 key support. Potential daily range today is seen between 1.0880 – 1.1000. My major technical outlook remains neutral. I’m starting to prefer* bearish scenario but need a clear break below 1.0800 key support to activate my bearish mode.
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EURUSD Daily Forecast: August 06
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