The EURUSD continued its bearish momentum yesterday, bottomed at 1.4303 and closed at 1.4348 after break below 1.4500. The bias remains to the downside targeting at least 1.4250. However, as you can see on my daily chart below we have CCI divergence indicating potential upside minor correction and potential profit taking activity on Friday testing 1.4450 resistance area, but long position is not recommended at this phase. Break below 1.4250 should trigger further bearish momentum towards 1.4170 area and potentially testing 1.4000 support area in longer term point of view.


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