EURUSD Forecast

The EURUSD continued its bullish momentum yesterday topped at 1.3051 and closed at 1.3023. There are no changes in my technical outlook. Price is still in a strong bullish correction phase, slipped above the 200-4 hour-EMA. Immediate resistance, which is also the nearest bullish target is seen around 1.3100/60. Immediate support is seen around 1.2950. A clear break below that area could lead price to neutral zone in nearest term testing 1.2875 but only a clear break and daily close below 1.2800 could end the current strong bullish view.

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