EURUSD Forecast:

The EURUSD had a moderate bullish momentum yesterday, topped at 1.4399, closed at 1.4383 and keep moving higher earlier today in Asian session traded around 1.4407 at the time I wrote this comment. I think the bias should remains neutral in nearest term as I am still expecting a range market between 1.4450 – 1.4250 at this phase. On daily chart below we can see that price move in triangle area indicating a consolidation. For me unless we have a break above 1.4450 I still prefer a bearish scenario. Break above 1.4450 should be seen as bearish failure which could trigger further bullish momentum re-testing 1.4600 area.