EURUSD Forecast:

The EURUSD was corrected lower yesterday, bottomed at 1.3131 and closed at 1.3160. Technically this is just a normal correction for me and we may see further downside pullback, but the major scenario remains strongly bullish. The bias is neutral in nearest term. Immediate support at 1.3105. Break below that area could trigger further downside pullback testing 1.3045/00 region. Initial resistance at the minor trendline resistance (white) and around 1.3200 area. Break above that area could trigger further bullish pressure testing 1.3260 before targeting 1.3340. My fundamental focus remains on the US NFP tomorrow and like I said yesterday, price behavior could be a little bit more unpredictable so I won’t rush jump into the market.

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