EURUSD SETUP

Intraday bias in EUR/USD turns positive at this point. Further fall is still in favor as long as 1.1639 minor resistance holds. A break of 1.1528 will resume a larger decline towards the 1.1289 level. On the upside, a break of 1.1639 resistance, however, will indicate short-term bottoming. intraday bias will be turned back to the upside for the stronger rebound.