EURUSD Daily Forecast: April 04

EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.2335 but whipsawed to the downside and closed lower at 1.2268. Price broke below the rising wedge formation as you can see on my H4 chart below suggests a bearish outlook testing 1.2175 key support area which is a good place to buy with a tight stop loss as a clear break below that key support would invalidate my major bullish outlook. Immediate resistance is seen around 1.2335. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear and invalidate the rising wedge bearish scenario.