EURUSD Forecast
The EURUSD had a strong bullish momentum yesterday topped at 1.1712 but closed lower at 1.1614 and hit 1.1547 earlier today. As you can see on my daily chart below, price broke above the daily EMA 200 suggests a bullish outlook with medium term target seen around 1.2000 area. The bias remains bullish in nearest term retesting 1.1700 region. Immediate support is seen around 1.1500. A clear break below that area could lead price to neutral zone in nearest term testing 1.1450 region. Potential daily range today is seen between 1.1500 – 1.1700.
