EURUSD Daily Forecast: February 24

By @ibtimes on

EURUSD Forecast

The EURUSD continued its bullish momentum yesterday, topped at 1.3785 and closed at 1.3749. Price is now moving above 1.3743 resistance area suggests potential further upside pressure testing 1.3860 key resistance area. However note that overall price still trapped in wide range area 0f 1.3860 – 1.3420 and need a clear break above 1.3860 to continue the bullish scenario targeting 1.4000 – 1.4200 region. Immediate support at 1.3715. A Clear break below that area would change the intraday bias to bearish testing 1.3650 and keep price in the range market a little bit longer.

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