EURUSD Daily Forecast: February 17

The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias since formed a shooting star formation on daily chart last week. The bias remains bearish in nearest term testing the daily EMA 200 and 1.1070 support area which remains a good place to buy (targeting 1.1500) with a tight stop loss as a clear break below 1.1070 could trigger further bearish scenario targeting 1.0800 or lower. Immediate resistance is seen around 1.1195. A clear break above that area could lead price to neutral zone in nearest term testing 1.1250 area.