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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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  • Ahmed

    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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