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EURUSD Daily Forecast: February 12

EURUSD Daily Forecast: February 12
Tuesday, February 12th, 2013 @ 9:28 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. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.3300. Immediate resistance remains around 1.3430. A clear break above that area could lead price to neutral zone in nearest term but need a clear break and daily close at least above 1.3485 – 1.3500 to potentially end the bearish correction phase. As long as stays inside the bullish channel the major bullish scenario should remain valid with the lower line of the bullish channel as a key support.

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