EURUSD Forecast:

As I had expected, the EURUSD continued it’s bullish momentum yesterday, hit my long target at 1.4590, topped at 1.4599 and closed at 1.4563. On my h1 chart below we can see that  the bullish momentum was driven by breakouts while price forming a bullish channel (blue). The outlook remains bullish with 1.4719 as potential bullish target, but the bias in nearest term is neutral. Watch out for downside corrections as CCI about to cross the 100 line down on h4 chart. Immediate support at 1.4530 followed by 1.4446. Initial resistance at 1.4599 (yesterday’s high). Break above that area should trigger further bullish momentum targeting 1.4719 area.