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EURUSD Daily Forecast: February 22

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EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.1365 but closed lower at 1.1335. We have 2 bearish pin bars as you can see on my daily chart below which create a conflicting signal with the bullish pin bar. A very tricky situation. The bearish pin bars are consistent with the major bearish trend, but printed in a less significant level. On the other hand, the bullish pin bar printed at more important support/key level but going against the major bearish trend. I still prefer a bullish scenario at this phase as we need a clear break below 1.1215 to end the consolidation phase and resume the major bearish trend. The bias is neutral in nearest term. Immediate resistance is seen around 1.1400. A clear  break and daily close above that area would retest 1.1500 – 1.1570 key resistance area which remains a good place to sell.   Immediate support is seen around 1.1320. A clear break below that area could trigger further bearish pressure testing 1.1270 – 1.1215 key support area which remains a good place to buy.


Source: https://fxinstructor.com/blog/eurusd-daily-forecast-february-22-8



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