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EURUSD Forecast
The EURUSD had another volatile but indecisive movement yesterday. There are no changes in my technical outlook. Price is still making higher lows since bounced from 1.2160 double bottom formation and the V-bottom pattern also remains valid. I still prefer a bearish scenario at this phase with sell on rallies strategy but a clear break above 1.2330 will interrupt the bearish outlook, confirms further bullish correction scenario testing 1.2400/35 resistance area. On the downside, we need a clear break and daily close below 1.2160/50 to continue the bearish scenario.
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