The EURUSD had a bearish momentum yesterday bottomed at 1.0494. The bias is bearish in nearest term testing the lower line of the bearish channel and 1.0450 support area which is a good place to buy with a tight stop loss as a clear break and daily close below that area would expose 1.0350 region. Immediate resistance is seen around 1.0550. A clear break above that area could lead price to neutral zone in nearest term testing 1.0600 area which is a good place to sell with a tight stop loss. Overall I remain neutral.