EURUSD Forecast:

The EURUSD had a significant bearish momentum yesterday, break below the rising wedge formation as you can see on my h4 chart below. This fact indicates bullish failure and potential bearish continuation testing 1.2587 – 1.2523 region in nearest term. Immediate resistance at 1.2680. Break above that area could lead us into neutral zone testing 1.2725 – 1.2780 but the main scenario remains bearish.

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