The Eurusd had a bearish momentum yesterday bottomed at 1.0599. Price closed a little bit below the H4 EMA 200 suggests a potential bearish outlook especially if price able to make a clear break below 1.0600 testing 1.0500 – 1.0450 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0650. A clear break above that area could lead price to neutral zone in nearest term testing 1.0700 – 1.0750 region. Overall I remain neutral.
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