EURUSD Forecast

The EURUSD was indecisive yesterday. Price attempted to push higher topped at 1.3276 but closed lower at 1.3206. The bias is neutral both in nearest and medium term and I prefer to stand aside now. On the upside, a clear break above 1.3276 could trigger further bullish pressure testing 1.3320/85 area. Immediate support remains around 1.3150. A clear break below that area could trigger further bearish pressure testing 1.3100 – 1.3025 but only a clear break and daily close below 1.3000 – 1.2970 could reactivate my bearish mode testing 1.2880. Fundamental focus remains on whether Greek will get its second bailout.

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