EURUSD Forecast
The EURUSD continued its strong bullish correction momentum yesterday, topped at 1.1484 and hit 1.1542 earlier today in Asian session as a part of the bullish pin bar scenario (daily chart). The bias remains bullish in nearest term testing the H4 EMA 200 located around 1.1570 area which is a good place to sell with a tight stop loss above 1.1620. Immediate support is seen around 1.1485. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 1.1430/00 would interrupt the current strong bullish correction bias. On the upside, a clear break above 1.1620 would neutralize the major bearish view.

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