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EURUSD Daily Forecast: Ferbruary 28

EURUSD Daily Forecast: Ferbruary 28
Thursday, February 28th, 2013 @ 8:15 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 was corrected higher yesterday, broke above 1.3120 and hit 1.3160. The bias is bullish in nearest term testing 1.3170 – 1.3200/20. I still prefer a bearish scenario at this phase but need a clear break and daily close below 1.3000 and the EMA 200 to continue the bearish scenario. Immediate support is seen around 1.3100 – 1.3090. A clear break below that area could lead price to neutral zone in nearest term testing 1.3050/00. On the upside, a clear break and daily close above 1.3200/20 could trigger further bullish pressure testing 1.3300 area.

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One Response to “EURUSD Daily Forecast: Ferbruary 28”

  1. John Mill says:

    Thanks for the news. What about GBPUSD today?

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