EURUSD Forecast:

The EURUSD continued its bullish momentum yesterday after break above the trendline resistance as you can see on my h4 chart below. This fact could trigger further bullish correction testing 1.2450 especially if price able to move consistently above 1.2350 area today. Immediate support at 1.2240/20 area and the lower line of my minor bullish channel (red channel). Break below that area could lead us into no trading zone in nearest term but as long as price move inside the major bullish channel (blue channel) the upside correction scenario remains intact.

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