EURUSD Forecast

The EURUSD had a significant bullish momentum yesterday, broke above 1.4518 and hit 1.4581 earlier today in Asian session. Just like previous breakouts (see h4 chart below), the current strong breakout above 1.4518 could continue the bullish scenario testing 1.4700 – 1.4800. The bias remains bullish in nearest term. Immediate support at 1.4518. A clear break below that area would lead us to neutral zone in nearest term testing 1.4480/50 support area but the major scenario remains strongly bullish.

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