EURUSD Daily Forecast: June 11

EURUSD Forecast
The EURUSD had a bullish momentum last week topped at 1.1839. From an hourly chart perspective as you can see on my H1 chart below, price is still moving convincingly above the EMA 200 and a trend line support, suggests a valid bullish trend. The bias is bullish in nearest term testing 1.1850. Immediate support is seen around 1.1770. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above the trend line support and 1.1725 region the overall short-term bias should remain bullish. My major bearish outlook remains intact, but need a clear break below 1.1725/00 region to invalidate the current bullish correction bias and reactivate my bearish mode.