EUR/USD Daily Forecast - 12 February

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Saturday, Feb 10 2018

EUR/USD Daily Forecast - 12 February

Euro was initially pushed higher in the course of the Friday's session, but found resistance above 1.2280 area, with pair pulling back to 1.22 handle which proved to be somewhat supportive, with pair rebounding and finishing the session around 1.2250 area, in a neutral tone. As for Monday, we can expect a similar session as there will be no major data releases. Any type of supportive candles around 1.2220 and 1.22 area would be short-term buying signal, while resistive candles above 1.2280 and 1.23 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, despite recent decline. 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 - 12 February AUD/USD Daily Forecast - 13 February »

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