EURUSD
The EURUSD continued its bullish momentum yesterday topped at 1.3400 which is a major resistance at this phase that need to be clearly broken to the upside to continue the bullish scenario testing 1.3500 area. The bias remains bullish in nearest term. Immediate support is seen around 1.3360/70. A clear break below that area could lead price to neutral zone in nearest term testing 1.3330/20. Indicators are in overbought area so any downside pullback now is normal and only a clear break below 1.3200 – 1.3150 could be a serious threat to the current bullish outlook with potential bearish reversal scenario.
