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EURUSD Daily Forecast: April 15

EURUSD Daily Forecast: April 15
Monday, April 15th, 2019 @ 4:35 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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EURUSD Forecast
The EURUSD had a bullish momentum last week topped at 1.1324 after another false break below 1.1215 key support area as you can see on my daily chart below. The bias is bullish in nearest term especially if price able to break above 1.1325 retesting 1.1400 region which is a good place to sell with a tight stop loss as a clear break above that area would expose 1.1500 – 1.1570 key resistance area. Immediate support is seen around 1.1290. A clear break below that area could lead price to neutral zone in nearest term testing 1.1250 but key support remains at 1.1215 area which remains a good place to buy with a tight stop loss as a clear break below that area would resume the major bearish trend.


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