The EURUSD was corrected higher yesterday topped at 1.2977. The bias is neutral in nearest term probably with a little bullish bias testing 1.3000 but I expect the bullish momentum is to be short lived. Price is still moving inside the bearish channel but there is room for another bullish pullback testing 1.3100 and the upper line of the bearish channel especially if price able to move consistently above 1.3000 today. Immediate support is seen around 1.2925. A clear break below that area could trigger further bearish pressure testing 1.2875/40 region. As long as stays inside the bearish channel and below 1.3100/20 I still prefer to sell on rallies.
