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EURUSD Forecast
The EURUSD had a bullish momentum yesterday, topped at 1.2982. The bullish momentum was not as strong as I had expected but nearest term bias is more to the upside after formed the triple bottom formation testing 1.3000/25 or higher. Immediate support is seen around 1.2950/40. A clear break back below that area could lead price to neutral zone in nearest term testing 1.2900 – 1.2885 key intraday support area. A clear break and daily close below that area will cancel the triple bottom bullish scenario testing 1.2850/00 and 1.2750 major support.
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