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Dear Friends,
The EURUSD was volatile but indecisive last week. Price attempted to push lower, bottomed at 1.1527 but gained lost ground and closed higher at 1.1682. The bias is bullish in nearest term. If price maintain to stay above 1.1685 -90 which is a serious threat to the bearish phase this week. Immediate support is seen around 1.1630. A clear break back below that area would keep the bearish phase alive and kicking retesting 1.1530/00 key support which need to be clearly broken to the downside to resume the bearish scenario.
The EURUSD was volatile but indecisive last week. Price attempted to push lower, bottomed at 1.1527 but gained lost ground and closed higher at 1.1682. The bias is bullish in nearest term. If price maintain to stay above 1.1685 -90 which is a serious threat to the bearish phase this week. Immediate support is seen around 1.1630. A clear break back below that area would keep the bearish phase alive and kicking retesting 1.1530/00 key support which need to be clearly broken to the downside to resume the bearish scenario.
