EURUSD Forecast
The EURUSD had a strong bullish momentum yesterday topped at 1.1145. As you can see on my daily chart below, price slipped above the trend line resistance and now struggling around the daily EMA 200 located around 1.1110. Price is in a critical technical point now. The bias is bullish in nearest term. A clear break and daily close above the daily EMA 200 would give further confirmation of the bullish reversal scenario targeting 1.1500 region. Immediate support is seen around 1.1060. A clear break and daily close below that area could lead price to neutral zone in nearest term but would give the bearish scenario another chance as a false breakout scenario may take place.
