EURUSD Daily Forecast: February 27

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.