EUR/USD Daily Forecast - 23 February

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Thursday, Feb 22 2018

EUR/USD Daily Forecast - 23 February

Euro found some amount of support around 1.2260 handle in the course of the yesterday's session and was then pushed higher going all the way to 1.2330 area by the end of the session. As for tomorrow we expect a bit steadier session, as there will be no major data releases. Any type of supportive candles around 1.2250 and 1.2230 area would be short-term buying signal, while resistive candles above 1.2360 and 1.24 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 - 23 February AUD/USD Daily Forecast - 27 February »

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