[m.youssif]

EURUSD Forecast
The EURUSD had a bullish momentum yesterday, topped at 1.4057 and closed at 1.4032. On h4 chart below we can see that the major bearish channel has been violated to the upside indicates a serious threat to the bearish outlook and potential bullish continuation re-testing 1.4158 area. However we haven’t seen consistent momentum so far so the situation remains tricky. Immediate support at the lower line of the bullish channel and 1.3950 area. Break below that area could trigger further downside pullback testing 1.3880 and keep direction/bias remains unclear.

[m.youssif]

EURUSD Forecast
The EURUSD had a bullish momentum yesterday, topped at 1.4057 and closed at 1.4032. On h4 chart below we can see that the major bearish channel has been violated to the upside indicates a serious threat to the bearish outlook and potential bullish continuation re-testing 1.4158 area. However we haven’t seen consistent momentum so far so the situation remains tricky. Immediate support at the lower line of the bullish channel and 1.3950 area. Break below that area could trigger further downside pullback testing 1.3880 and keep direction/bias remains unclear.