EURUSD Forecast

The EURUSD continued its strong bullish momentum yesterday, topped at 1.2971 and now testing 1.3000 resistance area after the break above the minor trend line resistance as you can see on my h4 chart below. The bias remains bullish in nearest term. A clear break and daily close above 1.3000 could trigger further bullish scenario testing 1.3160 area. Immediate support is seen around 1.2925/00. My major bearish scenario remains intact but need a clear break and daily close at least back below 1.2857/00 to keep the major bearish scenario remains strong.

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