EURUSD Daily Forecast: February 15

The EURUSD attempted to push higher last week, topped at 1.1376 but closed lower at 1.1248. The shooting star formation on daily chart I showed you on Friday gave us a valid signal of a weakening bullish momentum and bearish pullback. The bias is bearish in nearest term testing 1.1160. Immediate resistance is seen around 1.1265. A clear break above that area could lead price to neutral zone in nearest term testing 1.1300 but key resistance is seen around 1.1376 which need to be clearly broken to the upside to potentially end the current bearish phase targeting 1.1500 region.