The EURUSD had a bearish momentum yesterday after failed to stay consistently above 1.3400 and hit 1.3321 earlier today. The bias remains bearish in nearest term testing 1.3250 – 1.3200 key support area. A clear break below that area would be a threat to the bullish scenario and could be and early signal of a bearish reversal scenario. Immediate resistance is seen around 1.3360/70. A clear break above that area could lead price to neutral zone in nearest term testing 1.3400 which need to be clearly broken to the upside to keep the bullish scenario remains intact testing 1.3500/20 area.
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