EURUSD Daily Forecast: February 07

By @ibtimes on

EURUSD Forecast

The EURUSD attempted to push lower on Friday, bottomed at 1.3543 and but traded higher earlier today in Asian session, hit 1.3622. The bias is neutral in nearest term. On h1 chart below we can seen that there were buyers around 1.3540 – 1.3500 support area which keep price in range condition between 1.3500 – 1.3800 for now. We need a clear break from either side to see clearer direction. Immediate resistance at 1.3669. Break above that area could turn the intraday bias to bullish and open the door for further upside pressure re-testing 1.3800 key resistance area. On the downside, a clear break below 1.3500 would give us a bearish medium outlook testing 1.3250.

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