EURUSD Forecast
The EURUSD had another indecisive movement last week. There are six consecutive indecisive candles on weekly chart indicates a choppy market. Short term bias remains bearish following the break below the rising wedge formation as you can see on my H4 chart below, testing 1.2175 region which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2320 region. A clear break above that area could trigger further bullish pressure testing 1.2385 area. Immediate support is seen around 1.2220. A clear break below that area could trigger further bearish pressure testing 1.2175 area. A clear break below 1.2175 would invalidate my major bullish outlook.

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