The EURUSD was unable to maintain its bullish move yesterday capped by short term top at 1.2589 ?!!
Today I assume a bearish move testing the lower line of the bullish channel around 1.2460/40 zones, a clear break below this level would lead for massive bearish move and might end the current bullish correction .
Immediate resistance is seen around 1.2520 where bounce back to downside is expected , stability below the key resistance 1.2589 is indeed to keep the bearish scenario suggested for today valid , breaking of 1.2589 would invalid these expectations and might target 1.2700 levels ?!!!
Resistance : 1.2520, 1.2560, 1.2590
Support : 1.2490, 1.2460, 1.2410
Recommendations : Selling the pair around 1.2520 targeting 1.2490 & 1.2460, stop loss 1.2600