EURUSD Daily Forecast: July 04 2016
The EURUSD was corrected higher last week topped at 1.1169. The bias is bullish in nearest term but as long as stay below 1.1200 my overall technical bias remains bearish targeting 1.0700. Immediate support is seen around 1.1110. A clear break below that area could lead price to neutral zone in nearest term testing 1.1070 or lower. On the upside, a clear break and daily close above 1.1200 would activate my wait and see mode as direction would become unclear with a bullish intraday bias testing 1.1300 – 1.1400 region.