EURUSD Daily Forecast
The EURUSD failed to continue it’s bullish momentum yesterday. The pair attempted to push higher, topped at 1.4136 but further bullish scenario was rejected as the pair whipsawed to the downside, bottomed at 1.3888 and closed at 1.3927. On h4 chart below we can see that the pair now is re-testing the trendline support area. Break below the trendline support should trigger further bearish momentum re-testing 1.3750 key support area. However I think the pair is technically a mess so I think it’s not the best time to trade now. Immediate support is seen at 1.3850. Initial resistance at 1.4050 followed by 1.4176. CCI in neutral area both on h4 and daily chart.