EURUSD Forecast
The EURUSD was indecisive yesterday. Price attempted to push higher, topped at 1.1714 but closed lower at 1.1671. The bias is neutral in nearest term but as long as stay above 1.1620 the overall short-term bias should remain to the upside. Immediate support is seen around 1.1650 (yesterday’s low). A clear break below that area could trigger further bearish pressure testing 1.1620 region. On the upside, 1.1733 – 1.1785 region remains a key resistance and good place to sell with a tight stop loss above 1.1785 as a clear break above that area would activate my bullish mode with nearest target seen around 1.1850 – 1.1900 region.

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