EURUSD Forecast:

The EURUSD had a significant bullish momentum on Friday, topped at 1.4375 and closed at 1.4324. On h1 chart below we can see that the bearish channel has been convincingly violated to the upside indicating bearish failure and potential bullish scenario. The bias is bullish in nearest term targeting 1.4446 area. Break above that area could set up further bullish scenario towards 1.4719. But notice, that we need a consistent move above 1.4336 to confirm the bullish view. Immediate support is seen at 1.4310 followed by 1.4250. Break below those area could trigger further downside pressure and lead us into no trading zone since the direction would be unclear.