EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. Price slipped below the support line of the rising wedge formation as you can see on my H4 chart below but still unable to break below 1.2280 support area which remains a good place to buy with a tight stop loss as a clear break below 1.2280 would confirm the rising wedge bearish scenario testing 1.2175 key support. Immediate resistance is seen around 1.2350. A clear break and daily close above that area could trigger further bullish pressure testing 1.2400 – 1.2450 region.

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