EURUSD Forecast
The EURUSD had a bullish momentum yesterday after broke above 1.2345, topped at 1.2394. The bias is bullish in nearest term. The H&S formation has already reached its technical target and no longer valid. However, note that 1.2395 region could be a strong resistance at this phase (potential double top) and good place to sell with a tight stop loss as a clear break above that level could trigger further bullish run testing 1.2475 region. Immediate support is seen around 1.2345. A clear break back below that area could lead price to neutral zone in nearest term retesting 1.2298 which is a short term key support at this phase. Overall, as long as stay above 1.2175 my major technical outlook remains bullish.

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