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.
EUR/USD Daily Forecast - 27 February
Euro was initially pushed higher in the course of the yesterday's session but found resistance above 1.2350 handle in order to pullback all the way to 1.2280 level, which proved to be supportive enough for the pair to rebound and finish the session above 1.23 handle. 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.
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