EURUSD Forecast:

The EURUSD had a moderate bullish momentum yesterday. On h4 chart below we can see that price slipped above the bullish flag but bullish momentum seems limited so far. I still prefer a bullish scenario but we need a convincing movement above the flag and 1.3700 area to continue the bullish scenario targeting 1.3830 region this week. Immediate support at 1.3580. Break below that area could be a threat to the bullish flag upside scenario and lead us back into no trading zone testing 1.3530/00 area.

Related Posts:

  • EURUSD Daily Forecast: April 14
  • GBPUSD Daily Forecast: April 15
  • GBPUSD Daily Forecast: April 14
  • EURUSD Daily Forecast: February 25
  • EURUSD Daily Forecast: April 12
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