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The EURUSD had a bullish momentum yesterday topped at 1.1608 and hit 1.1619 earlier today in Asian session. The bias is bullish in nearest term.The pair can move up upto 1.1650 – 1.1700 range. Immediate support is seen around 1.1580. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario alive and kicking retesting 1.1500 key support area which need to be clearly broken to the downside to resume the major bearish trend.
The EURUSD had a bullish momentum yesterday topped at 1.1608 and hit 1.1619 earlier today in Asian session. The bias is bullish in nearest term.The pair can move up upto 1.1650 – 1.1700 range. Immediate support is seen around 1.1580. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario alive and kicking retesting 1.1500 key support area which need to be clearly broken to the downside to resume the major bearish trend.