EURUSD Forecast
The EURUSD continued its bearish momentum yesterday bottomed at 1.2319. The bias remains bearish in nearest term testing 1.2175 support area. Immediate resistance is seen around 1.2370. A clear break above that area could lead price to neutral zone in nearest term testing 1.2415/35 region. On the downside, a clear break and daily close below 1.2175 would expose the trend line support area as you can see on my daily chart below, which is a good place to buy with a tight stop loss. The major bullish trend remains valid but as long as stay below 1.2537 we might see further bearish correction testing the trend line support. A clear break below the trend line support would invalidate the major bullish trend.

eurusd: trend line support

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