EUR/USD marked a moderate bearish momentum yesterday
and hit an intraday low at $1.1131. The short term outlook remains bearish facing
$1.1100 level before targeting to $1.1000. The intraday resistance is seen at
$1.1180. A clear break above it could take price to neutral trading zone, but
only a clear break back above $1.1250 might disrupt the bears after falling
from $1.1350. The stronger support is located at $1.1135,
where previous lows were marked. The main technical outlook remains
neutral. Today’s macro agenda is offering significant data from Europe and US,
that could set more clear direction for the pair.
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