EURUSD Daily Forecast: February 22

EURUSD Forecast    

The EURUSD continued its bearish momentum yesterday, slipped below the bullish channel as you can see on my daily chart below but still unable to make a clear break below 1.3170 so far. Price is in a critical technical point. The bias remains bearish in nearest term especially if price able to make a clear break below 1.3170 testing 1.3100 before challenging 1.3000 psychological level. Immediate resistance is seen around 1.3230. 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 1.3300 to interrupt the current bearish phase and keep the major bullish scenario remains intact.