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EURUSD Daily Forecast: July 31

EURUSD Daily Forecast: July 31
Tuesday, July 31st, 2018 @ 2:37 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 1.1718. The bias is bullish in nearest term testing the upper line of the triangle formation and 1.1725 – 1.1750 region which is a good area to sell with a tight stop loss. Immediate support is seen around 1.1680. A clear break below that area could lead price to neutral zone in nearest term testing 1.1650 region or lower. On the upside, a clear break and daily close above 1.1750 would be a serious threat to the major bearish trend testing 1.1850 area.

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