EURUSD Forecast
The EURUSD had a bullish momentum last week topped at 1.1387 and hit 1.1453 earlier today. As you can see on my daily chart below, price slipped above the daily EMA 200 suggests a potential further bullish scenario especially if price able to make a clear break above the daily EMA 200. The bias is bullish in nearest term testing 1.1500. A clear break and daily close above that area could trigger further bullish pressure testing 1.1600 as nearest bullish target. Immediate support is seen around 1.1345. A clear break below that area could lead price to neutral zone in nearest term testing 1.1300 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. Potential daily range today is seen between 1.1345 – 1.1500. Let’s enjoy this bullish ride guys :D.
