The EURUSD had a bearish momentum yesterday and hit 1.2863 earlier today. The bias is bearish in nearest term as a part of the bearish phase after the appearance of the double top formation testing 1.2850/00 area. However, as long as stays inside the bullish channel, the bullish scenario also remains intact. Immediate resistance is seen around 1.2950. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 area.
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