The EURUSD was indecisive yesterday. The bias is neutral in nearest term. As long as stays inside the bullish channel I still prefer a bullish scenario at this phase but the double top bearish pullback warning also remains valid. We have CCI bullish divergence as you can see on my h4 chart below suggests potential bullish. Immediate resistance is seen around 1.2970. A clear break above that area could trigger further bullish pressure testing 1.3050/90 resistance area. On the downside, a clear break and consistent movement below 1.2900 would keep the double top bearish outlook remains strong testing 1.2850/00 support area.
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