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EURUSD Daily Forecast: February 22

Tuesday, February 21, 2017 20:20
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EURUSD Forecast    
The EURUSD had a bearish momentum yesterday bottomed at 1.0525. The bias remains bearish in nearest term testing 1.0520/00 support area which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0575. A clear break above that area could lead price to neutral zone in nearest term testing 1.0620 or higher. On the downside, a clear break and daily close below 1.0500 would expose 1.0400 – 1.0350 region. Fundamental focus will be on the FOMC meeting minutes. Overall I remain neutral.



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