EURUSD Forecast** *
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate support is seen around 1.0880. A clear break below that area could trigger further bearish pressure testing 1.0800 key support. Immediate resistance is seen around 1.1000. A clear break and daily/weekly close above that area could trigger further bullish pressure next week. Potential daily range today remains between 1.0880 – 1.1000. Fundamental focus today will be on the US NFP number.
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The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate support is seen around 1.0880. A clear break below that area could trigger further bearish pressure testing 1.0800 key support. Immediate resistance is seen around 1.1000. A clear break and daily/weekly close above that area could trigger further bullish pressure next week. Potential daily range today remains between 1.0880 – 1.1000. Fundamental focus today will be on the US NFP number.
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EURUSD Daily Forecast: August 07
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