Technical Analysis for EURUSD
The EURUSD was corrected higher yesterday topped at 1.2843. The bias is neutral in nearest term but overall I still prefer a bearish scenario. Immediate resistance is seen around 1.2900/50 which seems to be a good place for a short position with a tight stop loss. Immediate support is seen around 1.2800. A clear break below that area could trigger further bearish pressure testing 1.2750/00 area.