EURUSD Daily Forecast Feb 24

EURO-Dollar-min

The EURUSD continued its bullish momentum last Friday, printed support at the 1.3700 levels. This development leaves the pair targeting the 1.3772 levels where a breach is likely, If seen, the pair will target the 1.3855 levels, a halt is suggested but the break of 1.3850 will call for a run towards the  1.3960 levels, further out will aim the 1.4070 levels.

On the downside, stability below the 1.3772 levels could mean a return to the 1.3700 levels, a halt is strongly suggested, but losing the 1.3700 levels on a daily closing basis will delay the bullish move for retesting the 1.3585 levels before the next possible rise.

In all, as long as support 1.3700 holds on a daily closing basis, the EURUSD will remain biased to the upside in short-term view with risk towards the 1.3772/1.3855 levels, losing the 1.3700 levels will reverse risks to the 1.3585 levels.

 

EURUSD Daily Forecast Feb 24

 

MARKET DATA

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