EURUSD Daily Forecast

The EURUSD had a moderate bearish momentum on Friday. On h4 chart below we can see that the trendline support has been violated to the downside. Surely we do not have significant movement so far as the pair has been showing no clear direction in the last several weeks but this fact should lead us into more downside pressure testing 1.3750 key level area. Immediate resistance is seen at 1.4050. CCI about to cross the -100 line down on h4 chart suggesting potential downside pressure.