EURUSD Daily Forecast: February 25 2016

The EURUSD had another indecisive movement yesterday but hit another fresh low since formed the shooting star formation, bottomed at 1.0957. The bias remains bearish in nearest term testing 1.0950 and the trend line support (see my daily chart below)which need to be clearly broken to the downside to continue the bearish scenario targeting 1.0800. Immediate resistance is seen around 1.1070. A clear break above that area could interrupt the bearish scenario testing 1.1120 region (daily EMA 200).