The Eurusd had a moderate bearish momentum yesterday bottomed at 1.1245. The bias is bearish in nearest term testing 1.1200 – 1.1180 region. Immediate resistance is seen around 1.1310. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario after broke above the trend line resistance remains strong testing 1.1400 area. On the downside, a clear break and daily close below 1.1180 would expose 1.1080/50. My major technical outlook remains neutral.
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