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EURUSD Daily Forecast: February 14

Monday, February 13, 2017 19:34
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EURUSD Forecast    
The EURUSD attempted to push higher yesterday topped at 1.0658 but closed lower at 1.0591. The bias remains bearish in nearest term testing 1.0550 – 1.0500 area as a part of the bearish scenario after broke below the bullish channel and H4 EMA 200 as you can see on my H4 chart below. Immediate resistance is seen around 1.0650. A clear break above that area could lead price to neutral zone in nearest term testing 1.0700 area. Overall I remain neutral.



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  • Ahmed

    Janet Yellen speech has helped Dollar so far, it will be interesting to see how the action works out today. But, it is very crucial that we are careful with how we work because one wrong step can be hard to handle. I work it all nicely under OctaFX due to their swap free account option where I am least worried about paying overnight charges. It also helps me greatly to do with their daily news update feature, it’s all pretty nice.

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