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EURUSD Daily Forecast: February 27

Sunday, February 26, 2017 19:49
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EURUSD Forecast    
The EURUSD had another indecisive movement last week. Overall I remain neutral. The bias is neutral in nearest term. As you can see on my H1 chart below, we have a false break above the trend line resistance suggests a potential bearish scenario targeting 1.0500 – 1.0450 area. Immediate resistance is seen around 1.0615. A clear break above that area could trigger further bullish pressure testing 1.0650 – 1.0700 region.



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  • It will be interesting to see where this pair leads now, as there are too much happening around, therefore, it will be extremely hard to figure out the right direction. However, I have always learned that when there is confusion, it is best to go for shorts; I would be doing just that. It helps with having OctaFX broker with their low spreads starting from 0.1 pips to zero balance protection and even their Islamic Account; it’s absolutely fascinating for all!

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