EURUSD Daily Forecast: August 08

EURUSD Forecast
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.