EURUSD Forecast
The EURUSD had a bullish momentum yesterday on broad US Dollar weakness after a dovish FOMC minutes and hit 1.1147 earlier today. The bias is bullish in nearest term. As you can see on my H1 chart below, price is testing a trend line resistance located around 1.1150 area. A clear break above that area could trigger further bullish pressure retesting 1.1215 region. Immediate support is seen around 1.1090. 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 1.1090 – 1.1215.
