The EURUSD had a buy momentum last week topped at 1.1288 point but closed a little bit lower at 1.1196 point. The pair is neutral in nearest term probably test 1.1180 point and then testing 1.1100 point but overall I still prefer a buy scenario at this phase and any downside pullback now should be seen as a good opportunity to buy. Immediate resistance is seen around 1.1235/50point . A clear break above that area could trigger further buy pressure testing 1.1300 – 1.1350 point.
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