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EURUSD Daily Forecast: February 04

EURUSD Daily Forecast: February 04
Monday, February 4th, 2019 @ 3:27 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 1.1514 but closed a little bit lower at 1.1454. The bias is neutral in nearest term. Key resistance remains at 1.1500 – 1.1570 region which is a good place to sell with a tight stop loss as a clear break above 1.1570 would invalidate the major bearish trend testing 1.1800 region. Immediate support is seen around 1.1435. A clear break and daily close below that area could trigger further bearish pressure testing 1.1350 but key support remains at 1.1270 – 1.1215 which need to be clearly broken to the downside to resume the major bearish trend.


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