EURUSD Forecast
The EURUSD had a strong bearish momentum yesterday after broke below the bullish channel as you can see on my H1 chart below, bottomed at 1.1820 and hit 1.1817 earlier today in Asian session. From a daily chart perspective, this fact not only gives further confirmation to the bearish pin bar scenario (printed on Monday) but also keeps the descending triangle bearish scenario alive and kicking. My bearish mode is now reactivated. The bias remains bearish in nearest term testing 1.1735 region. Immediate resistance is seen around 1.1875. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.1920 any upside pullback should be seen as a good opportunity to sell.

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