EURUSD Forecast:

The EURUSD made indecisive movement yesterday. On h1 chart below we can see that the price still struggling around the upper line of the bearish channel. Although able to move above the upper line of the bearish channel indicating potential upside pressure, we have no significant bullish momentum yet as the market seems to consolidating now. Beside, we have CCI divergence, as you can see on h1 chart below indicating that the price might still struggling to push back inside the bearish channel. I still prefer to stay out for now. Don’t rush jump into the market. Immediate resistance remains at 1.4270. Clear break above that area could trigger further upside momentum towards 1.4336. Initial support at 1.4150 followed by 1.4050.