EURUSD Forecast

The EURUSD attempted to push lower yesterday, bottomed at 1.4364 but closed higher at 1.4501. On h4 chart below we can see price is moving inside a range area of 1.4519 – 1.4350 and need a clear break from the range area to see clearer direction. The major outlook remains bullish but need a clear break above 1.4519 to continue the bullish scenario testing 1.4550 – 1.4600 even higher. On the other hand, a clear break below 1.4350 could trigger further bearish pullback testing 1.4250 support area. The best intraday strategy for now is to short around 1.4519 or long around 1.4350 with tight stop loss.

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