EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.0939. As you can see on my H4 chart below, price is now testing a minor trend line resistance. The bias remains bullish in nearest term especially if price able to make a clear break above the minor trend line resistance and 1.0950 challenging 1.1060 region. Immediate support is seen around 1.0850/35. A clear break back below that area could lead price to neutral zone in nearest term testing 1.0780 region. While the current market is unclear/sideways, from a broader outlook at H4 chart perspective, the sellers are still in control as long as price stays below the major trend line resistance. Fundamental focus today will be on the US NFP number.
