EURUSD Forecast

The EURUSD continued its bullish momentum yesterday broke above the minor trend line resistance (white) as you can see on my h4 chart below and slipped above 1.2857 resistance area. The bias remains bullish in nearest term testing 1.2900 – 1.3000 resistance area. Price is still in a bullish correction phase and my major bearish scenario remains intact. I still prefer to sell on rallies but we have conflicting multi time frames bias and I will stand aside for now. Immediate support is seen around 1.2800 – 1.2780 area. A clear break back below that area could lead price to neutral zone in nearest term but would keep the major bearish scenario remains strong.

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