EURUSD Daily Forecast

The EURUSD didn’t make significant movement yesterday. The pair attempted to push lower, bottomed at 1.3910 but closed higher at 1.3970. On daily chart below we can see that the trendline support still hold so far, preventing further bearish pressure and protecting 1.3750 key support level. On  the upside, we know that 1.4050/70 area has been a strong resistance since last week but remains a potential area to be tested. For today, expect a ranging market between 1.4050 and 1.3850. Break above 1.4050/70 area should trigger further bullish momentum re-testing 1.4176.