EURUSD Forecast** *
The EURUSD was indecisive last week. Price attempted to push lower bottomed at 1.0846 but closed higher at 1.0959. The bias is neutral in nearest term. Immediate support is seen around 1.0925. A clear break below that area could trigger further bearish pressure testing 1.0880. Immediate resistance is seen around 1.1000. A clear break above that area could trigger further bullish pressure testing 1.1050 and the trend line resistance area as you can see on my H1 chart below. Potential daily range today is seen between 1.0880 – 1.1000.
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The EURUSD was indecisive last week. Price attempted to push lower bottomed at 1.0846 but closed higher at 1.0959. The bias is neutral in nearest term. Immediate support is seen around 1.0925. A clear break below that area could trigger further bearish pressure testing 1.0880. Immediate resistance is seen around 1.1000. A clear break above that area could trigger further bullish pressure testing 1.1050 and the trend line resistance area as you can see on my H1 chart below. Potential daily range today is seen between 1.0880 – 1.1000.
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EURUSD Daily Forecast: August 10
