EURUSD Forecast    
The EURUSD was indecisive last week but overall still able to maintain its bearish bias after broke below the bullish channel as you can see on my daily chart below. The bias is neutral in nearest term. Immediate support is seen around 1.1000. A clear break and daily close below that area could trigger further bearish pressure testing 1.0900 before targeting 1.0700 area. Immediate resistance is seen around 1.1060. A clear break above that area could trigger further bullish pressure testing 1.1100 but key resistance remains around 1.1200.


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