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EURUSD Daily Forecast: February 13

EURUSD Daily Forecast: February 13
Wednesday, February 13th, 2013 @ 8:35 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 failed to continue its bearish correction yesterday. The bias is neutral in nearest term. As long as stays inside the bullish channel my overall technical bias remains to the upside but need a clear break and daily close above 1.3485 – 1.3500 to potentially end the bearish correction phase testing 1.3600 or higher. On the downside, we need a clear break back below 1.3430 to keep the bearish correction phase remains strong testing 1.3350/00.

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