EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.1294. The bias is bullish in nearest term testing 1.1350 area. Immediate support is seen around 1.1230. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. Potential daily range today is seen between 1.1230 – 1.1350. My major technical outlook is neutral. The false breakout (above the daily EMA 200)bearish scenario should remain valid but need a clear break at least back below 1.1200 – 1.1150 support area to keep the bearish scenario remains strong.
