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The EURUSD had a moderate bearish momentum yesterday bottomed at 1.1657 and hit 1.1653 earlier today in Asian session. The bias remains bearish in nearest term . Immediate resistance is seen around 1.1680. A clear break above that area could lead price to neutral zone in nearest term testing 1.1725/50 region which is a good place to sell with a tight stop loss as a clear break above 1.1750 would be a threat to the major bearish trend testing 1.1850 area. On the downside, a clear break below 1.1575 would retest 1.1500 key support area. Fundamental focus will be on the US NFP on Friday.
