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Hi Friends,
The EURUSD was indecisive yesterday. The bias remains bullish in nearest term but 1.1620/30 area remains a good place to sell with a tight stop loss as a clear break above that area would expose 1.1670 – 1.1700 region. Immediate support is seen around 1.1575. A clear break below that area could lead price to neutral zone in nearest term testing 1.1500 key support area which need to be clearly broken to the downside to resume the major bearish trend.
The EURUSD was indecisive yesterday. The bias remains bullish in nearest term but 1.1620/30 area remains a good place to sell with a tight stop loss as a clear break above that area would expose 1.1670 – 1.1700 region. Immediate support is seen around 1.1575. A clear break below that area could lead price to neutral zone in nearest term testing 1.1500 key support area which need to be clearly broken to the downside to resume the major bearish trend.
