EURUSD Daily Forecast: May 11

EURUSD Forecast
The EURUSD was corrected higher yesterday. Price broke above the range area as you can see on my H1 chart below, topped at 1.1943. The bias is bullish in nearest term testing the H1 EMA 200 located around 1.1950 region which is a good place to sell with a tight stop loss as a clear break above 1.1950 would interrupt the bearish phase testing 1.2000 – 1.203 region. Immediate support is seen around 1.1895/80. A clear break back below that area could lead price to neutral zone in nearest term testing 1.1850/20 area.