EURUSD Forecast    
The EURUSD failed to continue its bullish momentum yesterday after unable to break above 1.1500 level, bottomed at 1.1435. The bias is bearish in nearest term testing 1.1400 – 1.1350 region but key support remains at 1.1270 – 1.1215. Immediate resistance is seen around 1.1475. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1500 – 1.1570 key resistance area which remains a good place to sell with a tight stop loss above 1.1570 as a clear break above that area would invalidate the major bearish trend with nearest bullish target seen around 1.1800.

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