ForexSQ.com - EUR/USD Daily Outlook . Feb.16

[ForexSQ]

With 4 hours MACD staying above signal line, intraday bias in EUR/USD is turned neutral and some sideway trading might be seen. Note that another fall will remain in favor as long as 1.3743 resistance holds. But even in that case, outlook in EUR/USD will remain cautiously bullish with 1.3253 cluster support (61.8% retracement of 1.2873 to 1.3860 at 1.3250) intact. Rise from 1.2873 is still expected to resume sooner or later. Break of 1.3743 resistance should bring rally resumption though 1.3860 towards 1.4281 key resistance. But, decisive break of 1.2873 will turn focus back to this low instead...Full
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