EURUSD Daily Forecast: February 12

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By swibowo | February 12, 2013 9:49 PM EST

Fx Instructor

EURUSD Forecast    

The EURUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.3300. Immediate resistance remains around 1.3430. A clear break above that area could lead price to neutral zone in nearest term but need a clear break and daily close at least above 1.3485 – 1.3500 to potentially end the bearish correction phase. As long as stays inside the bullish channel the major bullish scenario should remain valid with the lower line of the bullish channel as a key support.

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