The EURUSD failed to continue its bullish momentum yesterday and hit 1.2788 earlier today. The bias is bearish in nearest term testing 1.2750/00. Immediate resistance is seen around 1.2825/50. A clear break back above that area could lead price to neutral zone in nearest term and keep the bullish correction phase remains intact testing 1.2900/50 but as long as stays inside the bearish channel I still prefer to sell on rallies.
