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EURUSD Daily Forecast: February 05

EURUSD Daily Forecast: February 05
Tuesday, February 5th, 2019 @ 5:21 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 didn’t make significant movement yesterday but overall still able to maintain its short-term bearish bias after failed to break above 1.1500. The bias is bearish in nearest term testing 1.1400 – 1.1350 region. Immediate resistance is seen around 1.1450. A clear break above that area could lead price to neutral zone in nearest term testing 1.1500 area but note that 1.1500 – 1.1570 region remains a key resistance and 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.

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