EURUSD Forecast    
The EURUSD continued its bearish momentum last week and now struggling around the lower line of the bullish channel as you can see on my daily chart below. Price is in a critical point. The bias is bearish in nearest term but like I said last week, the lower line of the bullish channel and 1.1100 – 1.1050 area is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1180. A clear break and daily close above that area could trigger further bullish pressure testing 1.1250 or higher. On the downside, a clear break and daily close below the bullish channel and 1.1050 would reactivate my bearish mode targeting 1.0800 region.

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