EURUSD Forecast:

The EURUSD made a gap earlier today in Asian session, opened higher at 1.2920, bottomed at 1.2809 and traded around 1.2860 at the time I wrote this comment, still in a high volatile market. The bias is neutral in nearest term but still within a bearish context in longer term view. However, if the upside pullback able to consistently above 1.2930 we may see further recovery testing 1.3000 region. Immediate support at 1.2809 (current low). Break below that area could trigger further bearish pressure testing 1.2750 – 1.2700 region before re-testing 1.2500 area.

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