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EURUSD Daily Forecast: February 09

Wednesday, February 8, 2017 15:50
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EURUSD Forecast    
The EURUSD attempted to push lower yesterday bottomed at 1.0640 but closed a little bit higher at 1.0697 after another failure to make a clear break below the H4 EMA 200 and 1.0650 key support as you can see on my H4 chart below. The bias is neutral in nearest term. Immediate resistance is seen around 1.0720. A clear break above that area could trigger further bullish pressure testing 1.0770 – 1.0800 area. On the downside, a clear break and daily close below 1.0650 would expose 1.0500 region. Overall I remain neutral.



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