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EURUSD Daily Forecast: February 06

EURUSD Daily Forecast: February 06
Wednesday, February 6th, 2019 @ 4:30 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 bearish momentum yesterday bottomed at 1.1401 and hit 1.1396 earlier today in Asian session. The bias remains bearish in nearest term testing 1.1350 area.  Immediate resistance is seen around 1.1435. A clear  break above that area could lead price to neutral zone in nearest term but as long as stay below 1.1500 – 1.1570 key resistance I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.1350 would expose 1.1270 – 1.1215 key support area.


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