EURUSD Forecast:

The EURUSD continued its bullish momentum yesterday, topped at 1.2661 and closed at 1.2624. This fact opens the door for further upside scenario testing 1.2900 this week but we have bearish potential indicated by CCI divergence as you can see on my h4 chart below so things could be tricky at this phase. Immediate support at 1.2550 region. Break below that area could trigger further bearish pullback towards 1.2465 area but overall we are still in upside correction phase. On the upside, we need a clear break above 1.2670 region to continue the bullish scenario.

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