EURUSD Forecast    
The EURUSD had a bullish momentum last week, topped at 1.1514 but closed a little bit lower at 1.1454. The bias is neutral in nearest term. Key resistance remains at 1.1500 – 1.1570 region which is a good place to sell with a tight stop loss as a clear break above 1.1570 would invalidate the major bearish trend testing 1.1800 region. Immediate support is seen around 1.1435. A clear break and daily close below that area could trigger further bearish pressure testing 1.1350 but key support remains at 1.1270 – 1.1215 which need to be clearly broken to the downside to resume the major bearish trend.


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