Hi Friends! ,
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias.The major trend is bearish but price has been trapped between 1.1720 – 1.1510 range area for more than two weeks now. Immediate support is seen around 1.1630. A clear break below that area could trigger further bearish pressure testing 1.1590 region. On the upside, a clear break and daily close above 1.1720 would expose 1.1850 key resistance area. On th…
The EURUSD had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias.The major trend is bearish but price has been trapped between 1.1720 – 1.1510 range area for more than two weeks now. Immediate support is seen around 1.1630. A clear break below that area could trigger further bearish pressure testing 1.1590 region. On the upside, a clear break and daily close above 1.1720 would expose 1.1850 key resistance area. On th…