The EURUSD had a bullish momentum yesterday topped at 1.1337. Price closed lower at 1.1294 but overall still able to maintain its bullish bias, hit 1.1347 earlier today. The bias is bullish in nearest term testing 1.1380 – 1.1400 area. Immediate support is seen around 1.1285. A clear break back below that area could lead price to neutral zone in nearest term retesting the lower line of the bullish channel which remains a good place to buy with a tight stop loss. On the upside, a clear break and daily close above 1.1380 – 1.1400 could trigger further bullish pressure targeting 1.1470 area.
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