EURUSD Forecast

The EURUSD continued its downside consolidation earlier today in Asian session and hit 1.4350 support area. The bias is bearish in nearest term but note that we need a clear break below 1.4350 to continue the bearish pressure testing 1.4250 and the lower line of the bullish channel as you can see on my h4 chart below. Immediate resistance at 1.4425/50. A clear break above that area would lead us to neutral zone in nearest term but would keep the major bullish scenario remains strong retesting 1.4518 key resistance area.

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