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EURUSD Daily Forecast: February 27

EURUSD Daily Forecast: February 27
Wednesday, February 27th, 2013 @ 7:55 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 was indecisive yesterday. The bias is neutral in nearest term. Important intraday range to be closely watched is seen between 1.3120 – 1.3000. I prefer a bearish scenario at this phase but need a clear break below the daily EMA 200 and 1.3000 to continue the bearish scenario testing 1.2950/00 or lower. On the upside, a clear break and daily close above 1.3120 could trigger further bullish pressure testing 1.3170 – 1.3200.


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