The Eurusd continued its bullish momentum last week topped at 1.2537 but closed a little bit lower at 1.2428. The bias is neutral in nearest term. We have an interesting fact as you can see on my daily chart below, where an inside bar appeared after a bearish pin bar (which is also the “mother” bar). Overall I remain bullish but a clear break and daily close below 1.2363 (the low of the “mother” bar) could trigger further bearish pullback testing 1.2290 – 1.2175 support area this week. On the upside, we need a clear break above 1.2537 to resume the major bullish trend testing 1.2600 – 1.2675 resistance area.
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