EURUSD Daily Forecast

The EURUSD had a moderate bearish momentum yesterday. The pair attempted to push lower, bottomed at 1.3831 but the bearish pressure seemed limited as the pair closed higher at 1.3873. We still have no significant movement and medium term direction remains unclear and bearish scenario is not confirmed yet until we have a clear break below 1.3750 key support level. The bias is neutral in nearest term. CCI in oversold area and heading up on h4 suggesting potential upside pressure testing 1.3940 and 1.4050 resistance area.