EURUSD Forecast

The EURUSD continued its bullish bias on Friday, hit 1.4000 psychological level. About two weeks ago I told you that the broken bullish flag could trigger further bullish scenario and the nearest bullish target is around 1.4281 and the trend line resistance (red) as you can see on my daily chart below. However, this bullish scenario would need a clear break above 1.4000 which could be a strong and key resistance at this phase. Immediate support at 1.3920. Break below that area could lead us to neutral zone in nearest term but only another move back below 1.3860 could be a threat to the current strong bullish outlook.

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