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EURUSD Daily Forecast: January 29

EURUSD Daily Forecast: January 29
Tuesday, January 29th, 2019 @ 6:36 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 moderate bullish momentum yesterday topped at 1.1443. The bias remains bullish in nearest term testing 1.1500 – 1.1570 key resistance area which remains a good place to sell with a tight stop loss as a clear break above 1.1570 would invalidate the major bearish trend. Immediate support is seen around 1.1390. A clear break below that area could lead price to neutral zone in nearest term testing 1.1350/35 but key support remains at 1.1270 – 1.1215 region which need to be clearly broken to the downside to resume the major bearish trend.


One Response to “EURUSD Daily Forecast: January 29”

  1. jak says:

    Good to learn from you.

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