EUR/USD Daily Forecast - 02 February

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Thursday, Feb 01 2018

EUR/USD Daily Forecast - 02 February

Euro formed support around 1.2380 area in the course of the yesterday's session and was then pushed higher going all the way to 1.25 handle by the end of the session, which is of course major resistive point. As for tomorrow, focus will be on NFP figures. Any type of supportive candles around 1.2450 and 1.2430 area would be short-term buying signal, while resistive candles above 1.2550 and 1.2580 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair. We expect plenty of support around 1.15 handle, and next major resistive point above 1.25 handle.

More in this category: « GBP/USD Daily Forecast - 02 February AUD/USD Daily Forecast - 05 February »

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