[m.youssif]

EURUSD Forecast
The EURUSD had a bullish momentum yesterday, topped at 1.3950 and closed at 1.3943 but traded lower around 1.3890 at the time I wrote this comment. On h1 chart below we can see price is moving inside a minor bullish channel but the bullish channel is now being tested to the downside. We know that price is still consolidating without clear direction in the last three weeks with inconsistent momentum. A break below the minor bullish channel and a consistent move back below 1.3890 could trigger further bearish movement testing1.3800. On the upside, we need a clear break above 1.3950 to continue the bullish momentum testing 1.4028 and the upper line of the major bearish channel.

[m.youssif]

EURUSD Forecast
The EURUSD had a bullish momentum yesterday, topped at 1.3950 and closed at 1.3943 but traded lower around 1.3890 at the time I wrote this comment. On h1 chart below we can see price is moving inside a minor bullish channel but the bullish channel is now being tested to the downside. We know that price is still consolidating without clear direction in the last three weeks with inconsistent momentum. A break below the minor bullish channel and a consistent move back below 1.3890 could trigger further bearish movement testing1.3800. On the upside, we need a clear break above 1.3950 to continue the bullish momentum testing 1.4028 and the upper line of the major bearish channel.