EURUSD Forecast    
The EURUSD was indecisive yesterday. Price slipped below 1.1200 but unable to stay consistently below that area so far. From a H4 chart perspective as you can see on my H4 chart below, price has been moving sideways between 1.1350 – 1.1125 for the last six weeks and we need a clear break from that range area to see clearer direction. The bias is neutral in nearest term. Immediate resistance is seen around 1.1275. A clear break and daily close above that area could trigger further bullish pressure testing 1.1350 which remains a good place to sell with a tight stop loss. Immediate support is seen around 1.1200. A clear break below that area could trigger further bearish pressure testing 1.1125 which is a good place to buy with a tight stop loss. Overall I remain neutral.

eurusdh4

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