EURUSD Daily Forecast: August 01

EURUSD Forecast
The EURUSD had a bullish momentum last week topped at 1.1197. The bias is bullish in nearest term testing 1.1200 key resistance which is a good place to sell with a tight stop loss. Immediate support is seen around 1.1150. A clear break below that area could lead price to neutral zone in nearest term testing 1.1100 or lower. On the upside, a clear break and daily close above 1.1200 would activate my wait and see mode as direction would become unclear testing 1.1400 region this week.