EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.1040. The bias is bullish in nearest term testing 1.1050 and the trend line resistance as you can see on my H1 chart below. Selling around the trend line resistance and 1.1050 area with a tight stop loss seems to be a good idea. Immediate support is seen around 1.0980. A clear break below that area could lead price to neutral zone in nearest term testing 1.0940 area. Potential daily range today is seen between 1.0940 – 1.1050. On the upside, a clear break above 1.1050 could trigger further bullish pressure testing 1.1100 or higher.
