EUR/USD Daily Forecast - 05 February

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Saturday, Feb 03 2018

EUR/USD Daily Forecast - 05 February

Euro was pushed lower initially in the course of the Friday's session with pair going all the way to 1.24 handle after NFP figures, however it found some amount of support there and managed to rebound to a daily closing around 1.2450 area. On Monday we expect a bit steadier session as there will been no major data releases. Any type of supportive candles around 1.24 and 1.2380 area would be short-term buying signal, while resistive candles above 1.25 and 1.2530 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 - 05 February AUD/USD Daily Forecast - 06 February »

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