EURUSD Daily Forecast: February 23

By @ibtimes on

EURUSD Forecast

The EURUSD attempted to push lower yesterday, hit my bearish target at 1.3530 but whipsawed to the upside and hit 1.3711 earlier today in Asian session. This fact keeps the bullish intraday bias since bounced from 1.3428 remains intact, but note that h4 chart outlook remains sideways between 1.3800/60 – 1.3420.  Immediate resistance at 1.3715. A clear break above that area could trigger further upside pressure but watch out for another resistance around 1.3743 which need to be clearly broken to the upside to continue the intraday bullish bias testing 1.3800/60 key resistance area. On the downside, a clear move below 1.3650 support area would lead us to neutral zone in nearest term testing 1.3530 and open the door for a retest of 1.3420 key support area.

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