EURUSD Forecast:

The EURUSD continued its bearish pressure on Friday, bottomed at 1.2751 and closed at 1.2752. On h1 chart below we can see price seems ready to test the lower line of the bullish channel. Note that as long as the bullish channel hold, the major bullish scenario remains intact and only violation the the bullish channel and movement below 1.2700 key support area could be seen as a serious threat to the bullish outlook  testing 1.2605 before targeting 1.2470. Immediate resistance at 1.2790 followed by 1.2850 area.

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