EURUSD Forecast:

The EURUSD didn’t make significant movement yesterday, but moving lower around 1.2480 earlier today in Asian session at the time I wrote this comment. The bias remains neutral in nearest term but if price able to move consistently below 1.2465/50 support area, further bearish pressure is potential at least testing 1.2350 area, but overall the bullish correction scenario remains intact as long as price move inside the bullish channel. Immediate resistance at 1.2610 (Friday’s high). Break above that area could continue the upside scenario testing 1.2900 region this week.

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