EURUSD Forecast:

The EURUSD didn’t make significant movement yesterday. The bias is neutral in nearest term but we are still in bullish correction phase as price is moving strongly inside the bullish channel as you can see on my h1 chart below. A break above the trend line resistance could trigger further upside momentum testing 1.2930. On the downside only a violation to the bullish channel and movement below 1.2770 support area could trigger bearish continuation at least testing 1.2700. Pay attention to US Non Farm Payroll data today.

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