EURUSD Daily Forecast: March 04 2016

After two days of indecisive movement, the EURUSD had a bullish momentum yesterday topped at 1.0972. The bias is bullish in nearest term especially if price able to make a clear break and consistent movement above 1.0962 testing 1.1065. Immediate support is seen around 1.0900. A clear break below that area could lead price to neutral zone in nearest term testing 1.0850 but key support remains around 1.0800 which need to be clearly broken to the downside to continue the bearish scenario. Fundamental focus today will be on the US NFP data.