EURUSD Forecast:

The EURUSD was indecisive yesterday. Price attempted to push higher, slipped above 1.3267 area, topped at 1.3277 but still unable to consistently move above 1.3267 so far, keep the bearish scenario intact. The bias remains neutral in nearest term. However there might be other attempts to break above that area today. Consistent move above 1.3267 could change the intra-day bias into a bullish bias testing 1.3330 – 1.3400 region. Although remains a major bias, bearish pressure is limited so far and we need a clear break below 1.3200 area to continue further bearish momentum re-testing 1.3100 region.

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