EURUSD Forecast
The EURUSD continued its bullish momentum yesterday topped at 1.1599 and hit 1.1609 earlier today in Asian session. The bias remains bullish in nearest term testing 1.1650 as a part of the bullish pin bar scenario printed on Tuesday as you can see on my daily chart below. Immediate support is seen around 1.1550/30 region. A clear break below that area could lead price to neutral zone in nearest term but only a clear break below 1.1430 would invalidate the bullish pin bar scenario and reactivate my bearish mode. On the upside, a clear break and daily close above 1.1650 would expose 1.1725 – 1.1815 key resistance area which is a good place to sell.


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