The EURUSD had a bearish momentum yesterday bottomed at 1.2964. The bias is bearish in nearest term testing 1.2900. Immediate resistance is seen around 1.3010. A clear break above that area could lead price to neutral zone in nearest term testing 1.3050/80 (daily EMA 200). A clear break and daily close above that area could interrupt the bearish outlook but overall I still prefer a bearish scenario with sell on rallies strategy.
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