EUR/USD dipped to as low as 1.1717 but recovered ahead of 1.1712 cluster support (61.8% retracement of 1.1553 to 1.1960 at 1.1708). Intraday bias remains neutral first. On the downside, decisive break of 1.1708/12 will indicate that rebound from 1.1553 has completed at 1.1960. In that case, deeper fall would be seen to 1.1553 and possibly below to extend the decline from 1.2091. On the upside, break of 1.1814 minor resistance will retain near term bullishness. And in that case, intraday bias will be turned back to the upside for 1.1960. Break will target 1.2091 high.
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