EURUSD Forecast    
The EURUSD had a bullish momentum last week topped at 1.1212 but closed lower at 1.1114. The bias is neutral in nearest term probably with a little bearish bias testing 1.1050 area (H1 EMA 200). As you can see on my H1 chart below price is moving inside a triangle/pennant formation suggests a consolidation phase. A clear break below 1.1050 could trigger further bearish pressure testing 1.1000 or lower. Immediate resistance is seen around 1.1150. A clear break above that area could trigger further bullish pressure testing 1.1200 area or higher.


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