EURUSD Forecast

The EURUSD was unable to continue the bullish momentum yesterday. While my daily/h4 chart outlook remains unclear, we have a descending triangle formation on the hourly chart as you can see on my chart below suggests a potential bearish intraday outlook especially if price able to make a clear break below the triangle and 1.4110 testing 1.4000 support area. Immediate resistance is seen around 1.4170 – 1.4200. A clear break above that area would cancel the descending triangle bearish scenario testing 1.4280 region.

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