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EURUSD Daily Forecast: June 12

EURUSD Daily Forecast: June 12
Tuesday, June 12th, 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 didn’t make significant movement yesterday. The bias is neutral in nearest term. Price traded lower earlier today in Asian session, hit 1.1741. The bullish correction bias remains valid and as you can see on my H1 chart below, price is now inside my “buy zone” with a tight stops loss below the trend line support and 1.1725 as a clear break below that area would invalidate the bullish correction bias and reactivate my bearish mode retesting 1.1640 or lower. Immediate resistance is seen around 1.1800. A clear break and daily close above that area would expose 1.1850 and 1.1925 region (daily EMA 200).

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