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EURUSD Daily Forecast: February 12

EURUSD Daily Forecast: February 12
Monday, February 12th, 2018 @ 6:39 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 had a bearish momentum last week bottomed at 1.2204. The bias is bearish in nearest term testing 1.2175 support area. Immediate resistance is seen around 1.2330. A clear break above that area could lead price to neutral zone in nearest term testing 1.2400 area but key resistance is seen around 1.2537. On the downside, a clear break below 1.2175 would expose the trend line support region. As long as stay above the trend line support my major bullish outlook remains valid but need a clear break above 1.2537 to resume the major bullish trend.

eurusd daily chart - forex

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