The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias after the false breakout above the range area as you can see on my daily chart below. The bias remains bearish in nearest term testing 1.1270 – 1.1215 key support area. Immediate resistance remains around 1.1410. A clear break above that area could lead price to neutral zone in nearest term testing 1.1450 but key resistance remains at 1.1500 – 1.1570 region which is a good place to sell with a tight stop loss as a clear break above 1.1570 would be a serious threat to the major bearish trend.
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