The EURUSD had a bearish momentum yesterday, broke below 1.1070, bottomed at 1.1003.
The bias is bearish in nearest term testing 1.0950 region located around the trend line as you can see on my H1 chart below. A clear break and daily close below that area could trigger further bearish pressure targeting 1.0800 region as a part of the bearish scenario after formed a shooting star formation on daily chart two weeks ago. Immediate resistance is seen around 1.1070.
A clear break back above that area could lead price to neutral zone in nearest term testing 1.1120 area (daily EMA 200).
Origin: FXOpen
