EURUSD Daily Forecast: February 12
The EURUSD continued its bearish momentum yesterday bottomed at 1.1267. The bias remains bearish in nearest term but note that 1.1270 – 1.1215 region is a key support and good place to buy. Immediate resistance is seen around 1.1315. A clear break above that area could lead price to neutral zone in nearest term testing 1.1350 – 1.1400 region but as long as stay below 1.1500 – 1.1570 area I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
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