The Eurusd attempted to push higher last week topped at 1.2070 but whipsawed to the downside and closed lower at 1.1863. Overall I remain bullish but as long as stay below 1.2000 price is still in a valid Bearish Correction phase. The bias is neutral in nearest term. Immediate support is seen around 1.1823. A clear break and daily close below that area could trigger further bearish pressure testing 1.1750 – 1.1700 region. On the upside, a clear break above 1.2000 psychological level would potentially end the current bearish correction.
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