EURUSD Daily Forecast

The EURUSD had a bullish momentum yesterday, topped at 1.4134 and closed at 1.4102. It’s too early for a bullish scenario view, but the 1.4050 resistance was convincingly broken for the first time since June 03, so we might have something here that could lead to more significant movement. As long as the pair able to stay above 1.4050, we can expect further upside momentum towards 1.4176 area before re-testing 1.4336 key resistance level. Failure to do so should take us back towards 1.3950 and 1.3850 area. CCI in overbought area and heading down on h4 chart suggesting potential downside pullback.