EURUSD Forecast
The EURUSD attempted to push higher last week topped at 1.1733 but whipsawed to the downside and closed lower at 1.1607. Price broke below the trend line support as you can see on my H4 chart below suggests a bullish failure. The bias is bearish in nearest term especially if price able to move consistently below 1.1600 and the H4 EMA 200, testing 1.1550 – 1.1500 region. Immediate resistance is seen around 1.1650. A clear break and daily close back above that area could lead price to neutral zone in nearest term as direction would become unclear. My major technical outlook remains neutral.

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