EURUSD Forecast:

The EURUSD had a significant bearish momentum, slipped below the minor trendline support (red) as you can see on my h4 chart below indicating potential bearish view in nearest term testing 1.2670 – 1.2600 region. However note that overall we are still in upside correction phase and only a movement below the major bullish channel and 1.2465 support area could be considered as potential bullish failure. I will keep stand aside for now. Immediate resistance at 1.2800. Consistent move above that area could trigger further upside pressure testing 1.2880 – 1.2900 area.

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