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EURUSD Daily Forecast: January 22

Monday, January 22, 2018 0:04
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EURUSD Forecast
The EURUSD attempted to push higher last week topped at 1.2323 but closed lower at 1.2220, formed a bearish pin bar on weekly chart. Price gapped higher earlier today opened at 1.2269 but traded lower and hit 1.2216. The bias is bearish in nearest term testing 1.2175. A clear break and daily close below that area could trigger further bearish pressure testing 1.2090 support area. Immediate resistance is seen around 1.2271 (current high). A clear break above that area could lead price to neutral zone in nearest term retesting 1.2323 key resistance which need to be clearly broken to the upside to resume the major bullish scenario targeting 1.2450 – 1.2500 this week.



Source: https://fxinstructor.com/blog/eurusd-daily-forecast-january-22-6

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