The EURUSD continued its bullish momentum last week, topped at 1.1682. Price closed above weekly EMA 200, suggests further potential bullish scenario. The bias remains bullish in nearest term testing 1.1712 (2015 high). A clear break above that area could trigger further bullish pressure testing 1.1875 (2010 low) before targeting 1.2000 area. Immediate support is seen around 1.1650. A clear break below that area could lead price to neutral zone in nearest term testing 1.1600 – 1.1580 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
