EURUSD Forecast

The EURUSD was indecisive yesterday but had a significant bullish momentum earlier today in Asian session, break above 1.4436 and hit 1.4499 after a sideways movement between 1.4436 – 1.4320 as you can see on my hourly chart below. This fact could trigger further bullish scenario testing 1.4550 region in nearest term. On the downside, another movement back below 1.4436 would lead price to neutral zone in nearest term but as long as price stays above the trend line support (white) my overall intraday bias remains to the upside and only a break below the trend line support could be a threat to the current strong bullish intraday outlook.

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