EURUSD Forecast
The EURUSD was indecisive yesterday. Overall price is still able to maintain its bearish bias but trapped between 1.1695 – 1.1650 range area as you can see on my H1 chart below. Although the technical target of the H&S formation has been reached, I still prefer a bearish scenario and expecting a clear break below 1.1650 to resume the bearish phase targeting 1.1600. On the upside, a clear break back above 1.1695 would be a serious threat to the bearish scenario testing 1.1725/50 region. On the downside, a clear break and daily/weekly close below 1.1600 would retest 1.1510/00 key support next week.

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