EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1529 after rejected above the EMA 200 and 1.1630 resistance area as you can see on my H4 chart below. This fact keeps the major bearish trend alive and kicking but we need a clear break at least below 1.1500 to potentially end the current bullish correction phase targeting 1.1430/00 region. The bias is bearish in nearest term testing 1.1500. Immediate resistance is seen around 1.1590. A clear break above that area could lead price to neutral zone in nearest term testing 1.1630 key resistance area.

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