daily forex forecast eur usd

Monday, 22 February 2016

Midday Latest Update for EUR USD 22/02/2016

As we can see a clear negative trend as predicted in our weekly forecast earlier . So, If we compare the data from the morning we can see that EUR/USD it is going far from 1.1120 level which signals the expected downward trend for the rest of the day.

More over, Stochastic and 50 period Moving Average are also showing negativity and we can see 1.1005 level. Yes, there is strong resistance at 1.1264 and price can touch this level and we can see some push afterwards,

Comment: Sell Eur/USD

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