EURUSD Daily Forecast: March 11 2016

The EURUSD attempted to push lower yesterday bottomed at 1.0821 but whipsawed to the upside topped at 1.1218 in a high volatile market during ECB press conference. Technically, price closed above the daily EMA 200 as you can see on my daily chart below suggests a bullish outlook testing a trend line resistance located around 1.1300 area. The bias is bullish in nearest term. Immediate support is seen around 1.1135. A clear break below that area could lead price to neutral zone in nearest term testing 1.1065 support area which is a good place to buy with a tight stop loss.