EURUSD Forecast

The EURUSD made a significant break above 1.3800 key resistance level yesterday and hit 1.3860 earlier today in Asian session. This fact gives us further validation to the bullish continuation scenario targeting 1.4000 even 1.4200 – 1.4300 area. On the downside, another consistent move back below 1.3800 could lead us to neutral zone in nearest term testing 1.3750/00 support area but overall I think the major scenario remains strongly bullish.

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