EURUSD Forecast
The EURUSD attempted to push lower last week bottomed at 1.1822 but whipsawed to the upside and closed higher at 1.1939 and hit 1.1968 earlier today in Asian session. Price is moving inside a bullish channel and slipped above the H1 EMA 200 as you can see on my H1 chart below, suggests a bullish bias. The descending triangle scenario on daily chart remains valid, but the technical target has been reached and we need a clear break back below the bullish channel and 1.1900 area to keep the bearish scenario alive and kicking. The bias is bullish in nearest term testing 1.2025/50 area. Immediate support is seen around 1.1935. A clear break below that area could lead price to neutral zone in nearest term testing 1.1900.

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