EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.2407. Price broke above the upper line of the rising wedge formation as you can see on my H1 chart below, which invalidates the rising wedge bearish scenario. The bias is bullish in nearest term retesting 1.2445 resistance area. Immediate support is seen around 1.2360. A clear break below that area could lead price to neutral zone in nearest term testing 1.2315/00 region. On the upside, a clear break and daily close above 1.2445 would retest 1.2537 key resistance which need to be clearly broken to the upside to end the bearish correction/consolidation phase and resume the major bullish trend.

rising wedge fails

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