EURUSD completed a corrective wave on Friday & now the hourly close is giving strong bullish signal in short-term. H4 managed to close above the confirmation TL on H1 (1.4143) & Â last week’s high (1.4165). Immediate target is seen @1.4229 (161% of the last wave down) & 1.4330 (previous D1 high). A break here would take the pair up to it’s mid-term target @1.4497 & in case momentum is maintained eventually 1.47. Downside support starts @1.4095 & 1.4060 & while these levels hold the bulls are technically in control. On the other hand a clear break below 1.40 should see a deeper correction targeting 1.3650-1.3620. CCI is currently in bullish mode with supporting TL holding @ fresh cross above the 100 level.
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