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EURUSD Daily Forecast: October 11

EURUSD Daily Forecast: October 11
Wednesday, October 11th, 2017 @ 1:38 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 1.1825. The bias is bullish in nearest term testing 1.1850 – 1.1900 key resistance. A clear break and daily close above that area would end the bearish correction phase and reactivate my bullish mode retesting 1.2000/90 resistance area. Immediate support is seen around 1.1790. A clear break below that area could lead price to neutral zone in nearest term testing 1.1750/00 area and keep the bearish correction phase alive and kicking. Overall I remain bullish.


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