The Eurusd had a significant bullish momentum yesterday broke above 1.1285 key resistance, topped at 1.1349 and hit 1.1355 earlier today in Asian session. This fact ends the bearish correction phase. The bias is bullish in nearest term testing 1.1425 area. Immediate support is seen around 1.1305 – 1.1285. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay above 1.1080 key support I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.1425 would expose 1.1615 region.
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