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Hi Friends,
The EURUSD had a significant movement last week. Price attempted to push higher, topped at 1.1745 but whipsawed to the downside . The bias is bearish in nearest term testing 1.1500 key support area. Immediate resistance is seen around 1.1610. A clear break and daily close above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily close below 1.1500 would expose 1.1435/00 region or lower.
The EURUSD had a significant movement last week. Price attempted to push higher, topped at 1.1745 but whipsawed to the downside . The bias is bearish in nearest term testing 1.1500 key support area. Immediate resistance is seen around 1.1610. A clear break and daily close above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily close below 1.1500 would expose 1.1435/00 region or lower.
