EURUSD Forecast:

The EURUSD had a significant bullish momentum yesterday after failed to move below 1.2735 support area, topped at 1.2929 and closed at 1.2891. The bias is bullish in nearest term re-testing 1.3000 area especially if price break above the flag formation as you can see on my h1 chart below. Immediate support at 1.2840/50 area. Break below that area could lead us into neutral zone in nearest term re-testing 1.2735 but overall we are still in upside correction phase now.

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