EURUSD Daily Forecast: July 31

EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.1718. The bias is bullish in nearest term testing the upper line of the triangle formation and 1.1725 – 1.1750 region which is a good area to sell with a tight stop loss. Immediate support is seen around 1.1680. A clear break below that area could lead price to neutral zone in nearest term testing 1.1650 region or lower. On the upside, a clear break and daily close above 1.1750 would be a serious threat to the major bearish trend testing 1.1850 area.