EURUSD Technical Outlook- It show that EURUSD is trying to recover by some bullish movement and it is bouncing form a short term support 1.0550 that was created March 2003. Now some more bullish recovery movement is expected targeting the resistance level 1.1150. The level if 1.1150 worked as short term support, it has broken and now the price can retest this level. As our main bias is still bearish so we are expecting EURUSD will be bearish after testing the level of 1.1150.

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