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EURUSD Daily Forecast: February 24

Thursday, February 23, 2017 21:49
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(Before It's News)

EURUSD Forecast    
The EURUSD had a moderate bullish momentum yesterday topped at 1.0595. The bias is bullish in nearest term testing a trend line resistance as you can see on my H1 chart below located around 1.0610 area, which is a good place to sell with a tight stop loss as a clear break above that area would expose 1.0680 region. Immediate support is seen around 1.0550. A clear break below that area could lead price to neutral zone in nearest term testing 1.0500 support area. A clear break and daily/weekly close below 1.0500 would expose 1.0350 region next week. Overall I remain neutral.

eurusdhourly



Source: http://fxinstructor.com/blog/eurusd-daily-forecast-february-24-7

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  • Anonymous

    Thanks!

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