EURUSD Daily Forecast: February 29

EURUSD Daily Forecast: February 29

29 February 2016, 05:48
Roberto Jacobs
0
91
EURUSD Daily Forecast: February 29 2016
29 Februari 2016 3:00 AM

EURUSD Forecast

The EURUSD had a bearish momentum last week broke below the trend line support as you can see on my daily chart below. This can be seen as a bearish continuation scenario after formed shooting star formation. The bias is bearish in nearest term testing 1.0800. Immediate resistance is seen around 1.0960. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.0000 I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

eurusd1

Share it with friends: