EURUSD Forecast    
The EURUSD attempted to push higher last week topped at 1.1164 but whipsawed to the downside and closed lower at 1.1036. The bias is neutral in nearest term. As you can see on my daily chart below price has been moving sideways between 1.1200 – 1.1000 for the last three weeks since the Brexit. Overall I remain bearish as a part of the bearish scenario after broke below the bullish channel but need a clear break below 1.1000 to continue the bearish scenario targeting 1.0700. Immediate resistance is seen around 1.1100. A clear break above that area could trigger further bullish pressure but only a clear break above 1.1200 would interrupt my bearish outlook.


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