EURUSD Daily Forecast: May 04

EURUSD Forecast
The EURUSD was corrected higher yesterday topped at 1.2006. The bias is neutral in nearest term. Immediate resistance is seen around 1.2006. A clear break above that area could trigger further bullish pullback testing 1.2080 region but as long as stay below 1.2175 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.1945. A clear break below that area could trigger further bearish pressure testing 1.1900 or lower.