EURUSD Daily Forecast: February 18

EURUSD Forecast    

The EURUSD was indecisive last week but overall still able to maintain its bearish correction bias. As long as stays inside the bullish channel the major bullish scenario should remain valid but nearest term bias remains bearish testing 1.3300. A clear break and daily close below that area could trigger further bearish correction testing 1.3250 or lower testing the lower line of the bullish channel as a key support at this phase. Immediate resistance is seen around 1.3370. A clear break above that area could lead price to neutral zone in nearest term testing 1.3400/25.