EUR/USD Daily Forecast - 13 February

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Tuesday, Feb 13 2018

EUR/USD Daily Forecast - 13 February

Euro managed to rebound in the course of the yesterday's session, though there were no major data releases, with pair going all the way near 1.23 handle by the end of the session after forming support around 1.2240 level. Tomorrow, we expect similar session as there will be no major data releases. Any type of supportive candles around 1.2240 and 1.2220 area would be short-term buying signal, while resistive candles above 1.2330 and 1.2350 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 - 13 February AUD/USD Daily Forecast - 14 February »

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