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EURUSD Daily Forecast: February 13

EURUSD Daily Forecast: February 13
Tuesday, February 13th, 2018 @ 6:33 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 had a bullish momentum yesterday topped at 1.2296 and hit 1.2324 earlier today in Asian session. The bias is bullish in nearest term testing 1.2330 region. A clear break above that area could trigger further bullish pressure testing 1.2385 – 1.2400 region but key resistance remains at 1.2537 which need to be clearly broken to the upside to resume the major bullish trend. Immediate support is seen around 1.2250. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish correction phase alive and kicking testing 1.2175 or lower.

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