EURUSD Daily Forecast: June 07

EURUSD Forecast
The EURUSD had a significant bullish momentum yesterday, broke above the range area as you can see on my H1 chart below, topped at 1.1795. My major bearish outlook remains intact, but price is in a valid bullish correction phase, moving convincingly above the H1 EMA 200. The bias is bullish in nearest term testing 1.1825/50 area. Immediate support is seen around 1.1760. A clear break below that area could lead price to neutral zone in nearest term testing 1.1725 region which need to be clearly broken to the downside to invalidate the current bullish correction bias.