The EURUSD continued its bearish momentum on Friday, bottomed at 1.4585 and closed at 1.4613. I am still in short mode for this pair with target at least 1.4450 even 1.4250 this week. The bias is neutral in nearest term and we might see some upside correction after significant bearish last week. CCI just cross the -100 line up on h1 chart suggesting potential upside correction testing 1.4680 – 1.4715 resistance area today. Break above that area could trigger further bullish pressure testing the trendline resistance area (aqua). Break above the trendline should lead us into no trading zone but could be a potential threat to my bearish outlook testing 1.4820/00 area.
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