EURUSD Forecast:

As you can see on h4 chart below, after trapped in range area for two weeks, the EURUSD finally breakout from the range area, topped at 1.4534 (the highest level in 2009) and closed at 1.4493 yesterday. For me this is nothing but a bullish confirmation targeting 1.4719 (December 18 high) in longer term. The bias is bullish in nearest term targeting 1.4590 area. However, CCI in overbought area and heading down on h4 chart so watch out for potential downside rebound testing 1.4446 support area (former resistance). Break below that area should lead us into no trading zone as the direction would become unclear.