The EURUSD attempted to push higher last week topped at 1.1233 but whipsawed to the downside and closed lower at 1.1084. The bias is bearish in nearest term testing 1.1000. A clear break and daily close below that area could trigger further bearish pressure retesting 1.0910 region. Immediate resistance is seen around 1.1120. A clear break above that area could lead price to neutral zone in nearest term testing 1.1160 – 1.1200 region but overall I still prefer a bearish scenario and any upside pullback should be seen as a good opportunity to sell.
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