EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1191. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below 1.1200 testing 1.1125 area. Immediate resistance is seen around 1.1230. A clear break above that area could lead price to neutral zone in nearest term testing 1.1275 but key resistance remains around 1.1350. The Fed Chair Yellen and ECB President Draghi will speak today which could be a catalyst for this pair. Overall I remain neutral.
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