EURUSD Forecast

The EURUSD had a strong bearish momentum yesterday, not just filling the gap but fell further hit 1.2556. The bias is bearish in nearest term but note that as long as stays inside the bullish channel my overall intraday bias remains to the upside and only a break below the bullish channel and 1.2541 can stop the bullish bias testing 1.2435 or lower. Immediate resistance is seen around 1.2650. A clear break above that area could lead price to neutral zone in nearest term testing 1.2700/50 resistance area.

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