EURUSD Forecast    
The EURUSD had a bullish momentum yesterday closed above 1.1200 key resistance. Overall I still prefer a bearish scenario but this fact force me to activate my wait and see mode. The bias is bullish in nearest term testing the lower line of the (violated) bullish channel located around 1.1300 area. A clear break and daily close above that area could trigger further bullish pressure testing 1.1400 region. Immediate support is seen around 1.1170 – 1.1150. A clear break and daily close back below that area would reactivate my bearish mode testing 1.1070/50 or lower.

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