EURUSD Daily Forecast: March 29 2016
The EURUSD had a bullish momentum yesterday topped at 1.1219. The bias is bullish in nearest term especially if price able to make a clear break and consistent movement above 1.1220 retesting the trend line resistance and 1.1280 – 1.1300 key resistance. Immediate support is seen around 1.1150. A clear break back below that area could lead price to neutral zone in nearest term but would keep the false breakout bearish scenario remain strong testing 1.1065. My major technical outlook remains neutral.