EUR/XPF - Euro French Pacific Franc

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Feb 22, 2016 5:05AM GMT

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The EURUSD had a bearish momentum last week but still unable to make a clear break below 1.1070 support area as you can see on my H1 chart below. The bias is neutral in nearest term probably with a little bullish bias testing 1.1170 area. A clear break above that area could trigger further bullish pressure testing 1.1250 which need to be clearly broken to the upside to continue the bullish scenario (after break above the trend line resistance)(Visit my profile for more details) targeting 1.1500 region. On the downside, a clear break and daily close below 1.1070 would be a threat to the bullish scenario retesting 1.1080 region.

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Jan 19, 2016 4:04AM GMT

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