In the previous EUR/USD forecast we noted that the currency pair was bullish for the week. The lower bollinger band did hold as a support.
The 1.08 line was breached and it suggested that the bullish push was strong. While the currency pair had since eased away from the middle bollinger band, there was nothing to suggest that the bullish momentum was over. If the momentum continued, 1.1 might be the next bullish target.
