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EURUSD Daily Forecast: December 05

EURUSD Daily Forecast: December 05
Wednesday, December 5th, 2018 @ 5:11 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 attempted to push higher yesterday, slipped above the trend line resistance and 1.1400 resistance as you can see on my daily chart below but whipsawed to the downside and closed lower at 1.1342, printed a bearish pin bar. The bias is bearish in nearest term testing 1.1270 support area. A clear break and daily close below that area would retest 1.1215 key support area (tweezer bottom). On the upside, we need a clear break above 1.1418 to invalidate the bearish pin bar scenario testing 1.1500 key resistance area.

eurusddaily

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