The EURUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term. Important intraday range to be closely watched is seen between 1.2840 – 1.3000. A clear break above 1.3000 could trigger further bullish correction testing 1.3100/20. On the downside, a clear break below 1.2840 could trigger further bearish pressure testing 1.2800 or lower. Overall, as long as stays inside the bearish channel and below 1.3100/20 my technical bias remains bearish and I still prefer to sell on rallies.
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