The EURUSD had a bearish momentum yesterday, broke below 1.2970/50 support area, bottomed at 1.2922. The bias is bearish in nearest term testing 1.2900 – 1.2875. Immediate resistance is seen around 1.2980. A clear break above that area could lead price to neutral zone in nearest term 1.3030/50 but any upside pullback now is normal and overall I still prefer a bearish scenario at this phase.
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