The Eurusd had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 1.1050 (H1 EMA 200). A clear break above that area could trigger further bullish pressure testing 1.1100 but key resistance remains around 1.1200. On the downside, we need a clear break and daily/weekly close below 1.1000 to continue the bearish scenario targeting 1.0700 next week. Overall price has been moving sideways between 1.1200 – 1.1000 for the last four weeks since the Brexit but as long as stay below 1.1200 I remain bearish.
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