EURUSD Daily Forecast: January 16

EURUSD Forecast
The EURUSD had a bearish momentum yesterday as I had expected, bottomed at 1.1382 as a part of the false breakout scenario as you can see on my daily chart below after rejected above the D1 EMA 200. The bias remains bearish in nearest term testing 1.1350 – 1.1300 region. Immediate resistance is seen around 1.1450. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1500 key resistance area. On the downside, A clear break below 1.1350/00 would expose 1.1270 – 1.1215 key support area.