EURUSD Forecast
The EURUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.2175 region as a part of the bearish correction scenario after failed to break above 1.2537 and fell below the range area as you can see on my daily chart below. A clear break and daily/weekly close below 1.2175 could trigger further bearish pressure testing the trend line support next week. Immediate resistance is seen around 1.2300/30 area. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. My major bullish outlook remains valid but need a clear break above 1.2537 to resume the major bullish trend.

forex: eur/usd daily chart

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