EURUSD Forecast for 13th Feb

The instrument still lacks a major Bull Party but have started showing some mild bullish behavior. Please watch out for the of the important levels for a proper trade set up.

Last Trading Session

DH - 1.07527
DL - 1.06661

Today's Level
PIVOT - 1.06980

R1- 1.0731 , S1- 1.0644
R2- 1.0785, S2- 1.0612
R3- 1.0871, S3- 1.0525

* The instrument needs to break the pivot in the upward direction to target the first major resistance of 1.0731 and 1.07527.
* A return to 1.07 level would signal a bullish behavior.
* If the Pivot is not broken in time then we can see a slide to 1.0644.
* Should avoid levels below 1.06 for a major sell off.
* However if a major sell of comes then reaching 1.06120 level would limit it.
* An upward move through 1.0731 and 1.07467 could give a bull run to 1.07708 & 1.0785
* Failure to break 1.07467 level could give a downward move to 1.0644

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