The EURUSD had a bullish momentum yesterday topped at 1.3451 but unable to stay consistently above 1.3400 so far and hit 1.3386 earlier today. The bias is bearish in nearest term testing 1.3350/00. Overall I still prefer a bullish scenario at this phase but need a consistent movement above 1.3400 to continue the bullish scenario testing 1.3500/20. On the downside, key support is seen around 1.3250 – 1.3200. A clear break below that area would be a threat to the bullish scenario and could be an early signal of a bearish reversal scenario.
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