The Eurusd had a bearish momentum last week bottomed at 1.1320. The bias is bearish in nearest term testing 1.1270 – 1.1215 key support area. Immediate resistance is seen around 1.1350. A clear break above that area could lead price to neutral zone in nearest term testing 1.1400 area but as long as stay below 1.1500 – 1.1570 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
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