EURUSD Daily Forecast: August 31

EURUSD Forecast    
The EURUSD attempted to push higher last week topped at 1.1712 but whipsawed to the downside and closed lower at 1.1184 in a high volatile market. Price traded a little bit higher earlier today hit 1.1226. The bias is neutral in nearest term. My overall technical outlook is neutral, but the false breakout above the daily EMA 200 last week could create a bearish scenario especially if price able to move consistently below 1.1300 targeting 1.1000 area. Potential daily range today is seen between 1.1150 – 1.1300.

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