EURUSD Forecast:

The EURUSD continued its bullish momentum on Friday after  worse than expected US NFP number. On h4 chart below we have an ascending triangle that has been violated to the upside indicating potential further bullish pressure testing 1.3400/20 especially if price able to move consistently above 1.3340. On the other hand, a movement back inside the ascending triangle and below 1.3250 support area could lead us into neutral zone in nearest term testing 1.3150/60 but the major scenario remains to the upside with 1.3585 – 1.3650 as weekly target.

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