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

 

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