EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.1212 but closed a little bit lower at 1.1152. As you can see on my H1 below price broke above the trend line resistance and moving above the EMA 200 suggests a valid bullish outlook. The bias remains bullish in nearest term testing 1.1215. A clear break above that area could trigger further bullish pressure testing 1.1250 or higher. Immediate support is seen around 1.1100. A clear break below that area could lead price to neutral zone in nearest term testing 1.1050 region. Potential daily range today is seen between 1.1100 – 1.1215. I prefer a bullish scenario at this phase.
