EURUSD Daily Forecast: May 02 2016
The EURUSD had a bullish momentum last week topped at 1.1459 and hit 1.1481 earlier today. The bias is bullish in nearest term testing 1.1500 – 1.1560 region. Immediate support is seen around 1.1400. A clear break below that area could lead price to neutral zone in nearest term testing 1.1350 or lower. My major technical outlook remains neutral and we have potential strong resistances between 1.1500 – 1.1700, making that area a good “sell zone” with a stop loss above 1.1700.