EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.1278. The bias is bullish in nearest term testing 1.1300 area. A clear break above that area and the triangle formation could trigger further bullish pressure testing 1.1400 – 1.1450 region. Immediate support is seen around 1.1250. A clear break below that area could lead price to neutral zone in nearest term testing 1.1200 – 1.1170 but key intraday support remains around 1.1130. Potential daily range today remains between 1.1130 – 1.1300. Aggressive intraday traders can still sell around 1.1300 or buy around 1.1130 with a tight stop loss. My major technical outlook remains neutral.
