EURUSD Forecast
The EURUSD continued its bullish momentum yesterday topped at 1.0939. The bias remains bullish in nearest term testing 1.0969 which remains a good place to sell. A clear break and daily close above that area could trigger further bullish pressure testing 1.1060 and the trend line resistance as you can see on my H4 chart below. Immediate support is seen around 1.0900. A clear break below that area could lead price to neutral zone in nearest term testing 1.0850 – 1.0800 region. Overall I still prefer a bearish scenario with sell on rallies strategy.
