The Eurusd had a moderate bearish momentum yesterday bottomed at 1.0372 but traded a little bit higher earlier today in Asian session hit 1.0437. The bias remains neutral in nearest term. As you can see on my H1 chart below, price has been moving sideways between 1.0350 – 1.0500 and we need a clear break from that range area to see clearer direction. That said, as long as stay below 1.0500 price is still in a valid bearish phase. Immediate support is seen around 1.0400 followed by 1.0350. Immediate resistance is seen around 1.0450 followed by 1.0500.
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