EURUSD Daily Forecast: February 22

EURUSD Daily Forecast: February 22

22 February 2016, 06:53
Roberto Jacobs
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EURUSD Daily Forecast: February 22
22 Februari 2016 3:34 AM

EURUSD Forecast

The EURUSD had a bearish momentum last week but still unable to make a clear break below 1.1070 support area as you can see on my H1 chart below. The bias is neutral in nearest term probably with a little bullish bias testing 1.1170 area. A clear break above that area could trigger further bullish pressure testing 1.1250 which need to be clearly broken to the upside to continue the bullish scenario (after break above the trend line resistance) targeting 1.1500 region. On the downside, a clear break and daily close below 1.1070 would be a threat to the bullish scenario retesting 1.1080 region.

eurusd1

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