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EURUSD Daily Forecast: January 31

EURUSD Daily Forecast: January 31
Thursday, January 31st, 2019 @ 4:48 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 bullish momentum yesterday topped at 1.1501 and hit 1.1508 earlier today in Asian session. The bias is bullish in nearest term testing 1.1570 but note that 1.1500 – 1.1570 region remains a key resistance and good place to sell with a tight stop loss above 1.1570 as a clear break and daily close above that area would invalidate the major bearish trend with nearest bullish target seen around 1.1800. Immediate support is seen around 1.1450. A clear break below that area could lead price to neutral zone in nearest term testing 1.1400 or lower.


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