EURUSD Daily Forecast

The EURUSD made indecisive movement yesterday. The pair attempted to push lower, bottomed at 1.3982 but closed higher at 1.4080. On h4 chart below we still have valid trendline support and as long as the trendline support hold, the key resistance level 1.4176 area remains potential upside target. The bias remains neutral both in nearest and medium term. Immediate support is seen at 1.3982 (yesterday’s low) followed by 1.3850. Break below  1.3850 should trigger further bearish pressure re-testing key support level 1.3750. CCI just cross the 100 line down on h1 chart suggesting potential downside pressure.