EURUSD Forecast

The EURUSD was able to maintain its bullish bias yesterday. There were some downside pressures but 1.4790 area provided good intraday support so far. The bias remains bullish in nearest term but need another clear break above 1.4881 to continue the bullish scenario targeting 1.5000. On the downside, a consistent move below 1.4790 would lead us to neutral zone in nearest term testing 1.4700 but overall the major outlook remains to the upside.

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