EURUSD Forecast

The EURUSD continued its bullish momentum on Friday, topped at 1.4641 and closed at 1.4632 as a bullish continuation since the rejection to move below 1.4000 strong support. Price still moves strongly to the upside inside a bullish channel as you can see on my h4 chart below. At the same time CCI maintain position above the zero line also suggests the bullish momentum remains strong testing 1.4750 in nearest term before testing 1.4939 this week. Immediate support at 1.4590 followed by 1.4500. Hourly CCI is in neutral area so any downside pullback now is normal but overall I still prefer a bullish bias at this phase.

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