EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.2157 and now struggling around the support line of the descending triangle formation as you can see on my daily chart below. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below 1.2175 targeting 1.2085 region which would invalidate my major bullish outlook. Immediate resistance is seen around 1.2200. A clear break above that area could lead price to neutral zone in nearest term testing 1.2250 region but only a clear break above 1.2400 would invalidate the descending triangle scenario and keep the major bullish trend alive and kicking.

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