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EURUSD Daily Forecast: February 07

EURUSD Daily Forecast: February 07
Thursday, February 7th, 2019 @ 4:33 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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EURUSD Forecast    
The EURUSD continued its bearish momentum yesterday bottomed at 1.1360. The bias remains bearish in nearest term testing 1.1325 – 1.1300 region. Immediate resistance is seen around 1.1380. A clear break above that area could lead price to neutral zone in nearest term testing 1.1425 area but as long as stay below 1.1500 – 1.1570 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break below 1.1300 would expose 1.1270 – 1.1215 key support area.

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