The Eurusd failed to continue its Bullish momentum yesterday bottomed at 1.0720. The bias is neutral in nearest term but as long as stay inside the bullish channel price is still in a valid bullish phase with nearest target seen around 1.0800 – 1.0850 region. Immediate support is seen around 1.0700. A clear break below that area could trigger further bearish pressure testing 1.0650 and the lower line of the bullish channel.
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