The EURUSD was indecisive yesterday but overall still able to maintain its bearish correction bias. The bias remains bearish in nearest term testing 1.3650 or lower. The major bullish scenario should remain valid and the current short term bearish momentum should be seen as a normal corrective movement. Immediate resistance is seen around 1.3750. A clear break above that area could lead price to neutral zone in nearest term testing 1.3800 which need to be clearly broken to the upside to potentially end the bearish correction phase testing 1.3850 – 1.3935.
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