EURUSD Forecast
The EURUSD failed to continue its bullish momentum yesterday. Price attempted to push lower, bottomed at 1.1530 but closed a little bit higher at 1.1587. The bias is neutral in nearest term probably with a little bearish bias as we may have a false breakout bearish scenario retesting 1.1520 as a part of the bearish phase since broke below the trend line support as you can see on my H1 chart below. Immediate resistance is seen around 1.1620. A clear break and daily close above that area would be a threat to the bearish phase testing the H1 EMA 200 located around 1.1665 region. On the downside, a clear break and daily close below 1.1520 would expose 1.1450 area.

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