EURUSD Daily Forecast: July 01 2016
The EURUSD attempted to push lower yesterday bottomed at 1.1024 but whipsawed to the upside and closed higher at 1.1106. The bias is neutral in nearest term. As long as stay below 1.1200 my overall technical bias remains bearish targeting 1.0700. Immediate support is seen around 1.1070 followed by 1.1025/00. On the upside, a clear break and daily/weekly close above 1.1200 would activate my wait and see mode as direction would become unclear.