EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.2329. The bias is bullish in nearest term. Price revisits the violated support line of the rising wedge formation as you can see on my H4 chart below, which could be a good place to sell with a tight stop loss as a movement back above the support line would invalidate the rising wedge bearish scenario. Immediate resistance is seen around 1.2385. A clear break and daily close above that area would expose 1.2475 but key resistance remains at 1.2537 which need to be clearly broken to the upside to resume the major bullish trend. Immediate support is seen around 1.2290. A clear break below that area could lead price to neutral zone in nearest term and give the rising wedge bearish scenario another chance testing 1.2175 key support area which remains a good place to buy with a tight stop loss as a clear break below 1.2175 would invalidate my major bullish trend.

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