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EURUSD Daily Forecast: February 12

EURUSD Daily Forecast: February 12
Tuesday, February 12th, 2019 @ 7:30 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 1.1267. The bias remains bearish in nearest term but note that 1.1270 – 1.1215 region is a key support and good place to buy. Immediate resistance is seen around 1.1315. A clear break above that area could lead price to neutral zone in nearest term testing 1.1350 – 1.1400 region but as long as stay below 1.1500 – 1.1570 area I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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