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EUR/USD Forecast February 19, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 19 February 2016 07:33 UTC
EUR/USD pair fell during the day on Thursday, as we drove lower and trying to reach down to the 1.1050 level. This is an area that we have suggested previously as being support, and it should be again here. If we get any type of supportive candle or a bounce somewhere in this area, we are more than willing to start buying yet again. If we do get that bounce, we could go as high as the 1.13 level above, which was the recent high. If we break down below the 1.10 level however, we should drop to the 1.08 handle.

 

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