The EURUSD continued its bearish momentum yesterday bottomed at 1.2750. The bias remains bearish in nearest term testing 1.2700 – 1.2660 area. Immediate resistance is seen around 1.2830. A clear break above that area could lead price to neutral zone in nearest term testing 1.2880 – 1.2900. Indicators are in oversold condition so any upside pullback now is normal and overall I remain bearish and still prefer to sell on rallies.
