EURUSD Forecast

The EURUSD continued its bearish momentum yesterday, bottomed at 1.3034 and closed at 1.3061. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.3000 – 1.2973 as a part of the bearish phase after the strong break below the bullish channel. Immediate resistance is seen around 1.3130 – 1.3163. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200.

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