EURUSD Forecast
The Eurusd had a bullish momentum last week topped at 1.1860 but closed a little bit lower at 1.1786 and hit 1.1722 earlier today in Asian session. Overall price is still in a short-term bullish phase since broke above 1.1690 but still respects the trend line resistance as you can see on my H1 chart below and as long as stay below 1.1900 my major bullish outlook remains valid. The bias is bearish in nearest term testing 1.1690 support area. A clear break and daily close below that area would retest 1.1550 region this week. Immediate resistance is seen around 1.1800. A clear break above that area would expose 1.1860 – 1.1900 key resistance.
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