EURUSD Forecast
The EURUSD was indecisive yesterday. The bias is neutral in nearest term. From another technical perspective as you can see on my H4 chart below, price is moving inside a triangle formation suggests a consolidation phase. Immediate resistance is seen around the upper line of the triangle located around 1.1750 region. A clear break and daily close above that area would be a serious threat to the major bearish trend testing 1.1790 – 1.1850 area. Immediate support is seen around 1.1650. A clear break and daily close below that area would expose 1.1600 – 1.1575 support area but key support remains around 1.1500 which need to be clearly broken to the downside to resume the major bearish trend.

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