EURUSD Forecast    
The EURUSD was indecisive last week. As you can see on my H4 chart below price is moving sideways between 1.0800 – 1.1060 after the bullish run from 1.0516. The bias is neutral in nearest term probably with a little bullish bias testing 1.1060. A clear break and daily close above that area could trigger further bullish pressure testing the trend line resistance and 1.1150 – 1.1180 area which is a good place to sell with a tight stop loss. Immediate support is seen around 1.0940. A clear break below that area could trigger further bearish pressure testing 1.0870 but key support remains around 1.0800 which need to be clearly broken to the downside to potentially end the bullish phase. My major technical outlook remains neutral.


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