EURUSD Forecast
The EURUSD had a huge bullish momentum yesterday topped at 1.0980 after ECB decided to extend its QE programme until March 2017 or beyond. Technically, as you can see on my H1 chart below, price broke above the trend line resistance suggests a bullish view. The bias is bullish in nearest term testing 1.1050. Immediate support is seen around 1.0895. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.0800 I prefer a bullish scenario at this phase. Fundamental focus today will be on the US NFP number. My major technical outlook is neutral.
