EURUSD Forecast
The EURUSD had a bearish momentum last week bottomed at 1.2054 but closed a little bit higher at 1.2127. The bias is neutral in nearest term but as long as stay below 1.2175 the descending triangle bearish scenario should remain valid testing the daily EMA 200 located around 1.1970 region. A clear break and daily close back above 1.2175 would interrupt the bearish scenario. Immediate support is seen around 1.2095. A clear break below that area could trigger further bearish pressure retesting 1.2054 which need to be clearly broken to the downside to resume the descending triangle bearish scenario testing 1.2000 – 1.1970 support area.

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