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EURUSD Daily Forecast: January 11

EURUSD Daily Forecast: January 11
Friday, January 11th, 2019 @ 4:46 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 bullish momentum was stalled just below the daily EMA 200 (1.1580) yesterday as you can see on my daily chart below. The bias is neutral in nearest term. Price is still able to hold above 1.1500 key resistance, but need a clear break above 1.1580 – 1.1625 to confirm the new bullish trend targeting 1.1800 area. On the other hand, a clear break and daily/weekly close back below 1.1500 could create a false breakout scenario and keep the bearish trend alive and kicking.


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