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EURUSD Daily Forecast: February 14

Tuesday, February 13, 2018 22:57
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EURUSD Forecast
The EURUSD continued its bullish momentum yesterday, broke above 1.2330 resistance, topped at 1.2370 and hit 1.2385 earlier today in Asian session. The bias remains bullish in nearest term testing 1.2450 – 1.2475 area. Immediate support is seen around 1.2330. A clear break back below that area could lead price to neutral zone in nearest term but would keep the bearish correction phase alive and kicking testing 1.2280 area. On the upside, a clear break and daily close above 1.2475 would retest 1.2537 key resistance which need to be clearly broken to the upside to resume the major bullish trend.


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