EURUSD Forecast:

The EURUSD continued it’s bullish momentum yesterday, topped at 1.4326 and closed at 1.4277. On h4 chart below, we can see that the broadening formation and trendline resistance has been violated to the upside suggests upside scenario. Notice that we are at critical technical point right now, where potential strong  resistance seen at key level 1.4336. We need a clear break above that area to confirm the bullish view towards 1.4500 and 1.4719 as potential bullish targets and cancel the bearish reversal scenario. CCI in overbought area and heading down on h4 chart suggesting potential downside rebound testing 1.4220 – 1.4180 support area.