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EURUSD Daily Forecast: January 13

Thursday, January 12, 2017 20:33
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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.0684 but closed lower at 1.0612. The bias is neutral in nearest term probably with a little bearish bias testing 1.0550/00 support area. Overall I remain neutral, but as you can see on my H1 chart below price is moving inside a bullish channel after bounced from 1.0350 support suggests a valid bullish phase. Immediate resistance is seen around 1.0650. A clear break above that area could trigger further bullish pressure testing 1.0700 area.

eurusdhourly

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  • EUR/USD has been dropping ever since the Donald Trump’s press conference, it may continue in similar fashion, but all eyes are going to be on 20th once he finally takes over. I always keep track of these things easily under http://www.tradewisefx.com/, as they help big time with market updates, quality service and much more, it’s all very cool and helpful.

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