EURUSD Forecast
The EURUSD finally made a breakout above the range area after two weeks of consolidation as you can see on my h4 chart below. This fact should continue the major bullish scenario targeting 1.4400 – 1.4500 area this week. On the downside, immediate support at 1.4281/50. Another consistent move and daily close below that support level would lead us back to neutral zone, even could create a false breakout bearish scenario testing 1.4150 – 1.4035 support area.
![نقره لعرض الصورة في صفحة مستقلة](http://fxisite.fxinstructorllc.netdna-cdn.com/blog/wp-content/uploads/2011/04/eurusdh4chart1-300x189.jpg)
The EURUSD finally made a breakout above the range area after two weeks of consolidation as you can see on my h4 chart below. This fact should continue the major bullish scenario targeting 1.4400 – 1.4500 area this week. On the downside, immediate support at 1.4281/50. Another consistent move and daily close below that support level would lead us back to neutral zone, even could create a false breakout bearish scenario testing 1.4150 – 1.4035 support area.
![نقره لعرض الصورة في صفحة مستقلة](http://fxisite.fxinstructorllc.netdna-cdn.com/blog/wp-content/uploads/2011/04/eurusdh4chart1-300x189.jpg)