EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1641. The bias is bearish in nearest term. Price is now traded at the trend line support as you can see on my H4 chart below, which is a good place to buy with a tight stop loss below 1.1600 area with nearest target seen around 1.1750. Immediate resistance is seen around 1.1680. A clear break above that area could lead price to neutral zone in nearest term testing 1.1750 region. On the downside, a clear break below 1.1600 would invalidate the current bullish phase. My major technical outlook remains neutral.

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