The Eurusd had a bullish momentum last week topped at 1.1324 after another false break below 1.1215 Key Support area as you can see on my daily chart below. The bias is bullish in nearest term especially if price able to break above 1.1325 retesting 1.1400 region which is a good place to sell with a tight stop loss as a clear break above that area would expose 1.1500 – 1.1570 key resistance area. Immediate support is seen around 1.1290. A clear break below that area could lead price to neutral zone in nearest term testing 1.1250 but key support remains at 1.1215 area which remains a good place to buy with a tight stop loss as a clear break below that area would resume the major bearish trend.
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