EURUSD Forecast
The EURUSD had a strong bullish momentum yesterday after the FOMC topped at 1.1440. The bias is bullish in nearest term testing 1.1500. Immediate support is seen around 1.1370. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above the H1 EMA 200, short term outlook should remain bullish. From a daily chart perspective, price is now in a critical point, struggling around the daily EMA 200 located around 1.1420. A clear break and daily close above that area would give further confirmation of a bullish mode challenging 1.1700 region. Potential daily range today is seen between 1.1370 – 1.1500.
