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EURUSD Daily Forecast: February 13

Sunday, February 12, 2017 19:24
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EURUSD Forecast    
The EURUSD had a bearish momentum last week closed below 1.0650 key support after broke below the bullish channel as you can see on my H4 chart below. The bias is bearish in nearest term testing 1.0550 – 1.0500 support area. Immediate resistance is seen around 1.0650. A clear break above that area could lead price to neutral zone in nearest term testing 1.0700 region. Overall I remain neutral.



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  • Ahmed

    Market so far has been playing rather unexpectedly and it is hard to think that situation is going to be changing anytime soon. I would prefer to trade with simple and straight forward way, it’s ever easy to do with small spreads at 0.1 pips for all major pairs while there are over 70 instruments, zero balance protection, swap free account while we even get 50% bonus on deposit available which I can use without restrictions. It all helps me work out well in any situation with confidence.

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