EURUSD Daily Forecast: February 26 2016

The EURUSD had another indecisive movement yesterday. The bias is neutral in nearest term. As you can see on my H1 chart below, we have a rounding bottom formation formed after rejection to move below the trend line support and 1.0950 key support suggests a potential bullish pullback especially if price able to make a clear break above 1.1070 resistance testing 1.1125 or higher. Overall I still prefer a bearish scenario but need a clear break below the 1.0950 to continue the bearish scenario targeting 1.0800 region.