EURUSD Forecast

The EURUSD was indecisive on Friday. The bias is neutral in nearest term. On h4 chart below we can see price still moves inside the bullish channel indicates that the major bullish scenario remains intact. However, pay attention to the 1.4518 support area. A clear break below that area would change the intraday bias to bearish testing 1.4400 support area and the lower line of the bullish channel and the shooting star bearish warning seen on daily chart as I showed you in my weekly summary may have further validation. On the upside, we need a clear break above 1.4605 (current high) to continue the bullish pressure testing 1.4647 before targeting 1.4700 – 1.4800 resistance area.

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