EURUSD Forecast    
The EURUSD failed to continue its bullish momentum yesterday bottomed at 1.1188. The bias is bearish in nearest term retesting the lower line of the bullish channel as you can see on my daily chart below, located around 1.1150 region which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1250. A clear break above that area could lead price to neutral zone in nearest term testing 1.1300 – 1.1320 area. On the downside, a clear break and daily close below the bullish channel and 1.1150 could trigger further bearish scenario testing 1.1000 area.


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