EUR/USD Daily Forecast: May Have bottomed In The Short Term
Jason Sen | Feb 23, 2017 05:28AM ET
EUR/USD may have bottomed in the short term at least. We could trade sideways, perhaps a little higher. First resistance at 1.0570/75, but above here targets 1.0600 then strong resistance at 1.0630/40. A high for the day likely, try shorts with stops above 1.0670.
Failure to beat first resistance at 1.0570/75 targets minor support at 1.0530/20 before yesterday's low at 1.0492. On a break lower look for 1.0450/45.
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