EURUSD Forecast

The EURUSD was indecisive yesterday but corrected higher earlier today in Asian session, topped at 1.2735. The bias is bullish in nearest term testing the minor trend line resistance (white) and 1.2800/57 resistance area. However my overall technical bias remains to the downside. Any upside pullback now is normal which should be seen as a corrective movement and I still prefer to sell on rallies. Immediate support is seen around 1.2650 region. A clear break below that area could stop the current bullish correction phase and resume the major bearish scenario still testing 1.2500 major support area.

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