EURUSD Forecast

The EURUSD was corrected higher yesterday, topped at 1.3118 and closed at 1.3075. The bias is bullish in nearest term testing 1.3150 but overall I still prefer to sell on rallies at this phase as a part of the double top bearish scenario. Immediate support is seen around 1.3050. A clear break back below that area could end the current bullish correction phase, testing 1.3000 – 1.2973 before testing 1.2880 area.

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