The EURUSD had a bearish momentum yesterday broke below 1.2875, bottomed at 1.2842. The bias is bearish in nearest term testing 1.2800 or lower. Immediate resistance is seen around 1.2900. A clear break above that area could lead price to neutral zone in nearest term testing 1.2950 – 1.3000 but any upside pullback now is normal and overall I remain bearish and still prefer to sell on rallies. Below 1.2800, the next potential bearish target is seen around 1.2660.
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