EURUSD Forecast
The EURUSD had a moderate bullish momentum yesterday topped at 1.1606. The bias remains neutral in nearest term. Price is moving inside a range area between 1.1610 – 1.1530 as you can see on my H1 chart below and we need a clear break from that range area to see clearer direction. The bullish pin bar scenario (daily chart) remains valid but need a clear break above 1.1610 to resume the bullish run testing 1.1650 before retesting 1.1725 – 1.1815 key resistance area.  On the downside, a clear break below 1.1530 would expose 1.1460 – 1.1430 key support area which need to be broken to the downside to invalidate the bullish pin bar scenario and reactivate my bearish mode.

eurusdhourly

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