FORECAST BY MARIUS GHISEA- EUR/USD (February 8-12)

According to the daily chart, the MACD indicates an uptrend in the medium long term.  The stochastic oscillator indicates a short term retracement, then a possible continuation of an uptrend. The price for EUR/USD may go up above 1.1255 (above 0.38 Fibo) in the medium term.

EURUSDdaily-page-001

The EUR/USD currency pair is into a range between 1.1120 and 1.1220. According to the MACD on 8 hour chart, we may see a retracement below 1.1120 in the short term.

EURUSD8h-page-001

 

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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