In long-term trends, we would be buyers for this pair, especially after this rebound. We expect plenty of support around 1.15 handle, and next major resistive point above 1.25 handle.
Last modified on Tuesday, 13 February 2018EUR/USD Daily Forecast - 14 February
Euro continued its incline in the course of the yesterday's session going all the way to 1.2370 area, where it found some amount of resistance and pulled back slightly in order to finish the session around 1.2350 handle. Tomorrow, focus will be on US CPI and Retail Sales figures. Any type of supportive candles around 1.23 and 1.2280 area would be short-term buying signal, while resistive candles above 1.24 and 1.2430 level would be short-term selling opportunity.
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