The EURUSD had a significant technical bearish movement yesterday, break below my key support level 1.4850, bottomed at 1.4769 and closed at 1.4805. This fact should open the door for further bearish momentum towards 1.4670 area. The bias remains bearish in nearest term. 1.4850 area now become immediate resistance. Break above that area should trigger further bullish momentum testing 1.4920/50 area but I prefer a bearish scenario at this phase. From a longer term point of view, the failure to keep moving above 1.5000 area and the fact that now traded below 1.4850 could create a downside reversal scenario at least toward 1.4450/80 area.