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World-Signals Forex Daily Analysis

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  #1  
Old 08-02-2021, 15:39
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Default World-Signals Forex Daily Analysis

EURUSD levels below 1.20 are good for long positions.
The new business week started sluggish in the first part of Monday. There is not a clear direction and as overall the trading EURUSD is into neutral direction. The trading level (EURUSD) below 1.20 is a very good entry for many investors to buy Euros.
Until the end of the day and tomorrow (Tuesday) there are no important fundamental events in the United States and in Europe the most important event is Germany Trade Balance on Tuesday.
In the absence of fundamental events the market will focus over the politics of the new president Biden and the new economy stimulus. Also the news of the Corona-Virus may also push the trading in one of the directions. As overall in a time without key events the market may easily find a new direction as the chance for upward movement above 1.2100 is with higher chance. So we recommend staying in long positions in the first half of the week.
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Old 11-02-2021, 16:07
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Default Re: World-Signals Forex Daily Analysis

Trading Strategy for EURUSD ahead of U.S. Holiday on Monday.
There remains little more than 24-hours to complete this week's trading. EURUSD in this second week of February is currently trading at about +90 pips from the start of the week. The lossing process of the Dollar continues. In the next trading hours EURUSD may make some recovery based on technical indicators from 1.2137 now to levels below 1.2100. You can find the bottom at 1.2100 or 1.2073. World-Signals.com recommend to use the level of 1.2073 as the possible bottom of trading and use this level of few pips below as a stop. So the trading strategy in the last day ahead of the U.S. Holiday on Monday (U.S. President's Day) is to try entry into a long position with stop below 1.2073 and wait for a new target up above 1.2150 that may happen in the rest Monday or during the Tuesday Asia session.
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  #3  
Old 16-02-2021, 15:20
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Default Re: World-Signals Forex Daily Analysis

The Dollar recovery may continue a couple of hours ahead.
EURUSD hit the top of 1.2169 as this level was a signal for the selling process. The Dollar recovered from the high of 1.2169 a level reached on January 26th 2021. The recovery is already generated of 70 pips. The tendency for continued recovery remains for the next couple of hours.
The fundamental focus comes for tomorrow the key data for the U.S. Retail Sales and FOMC Minutes. The investors predict a positive Retail Sales report that is already generated by the market.
The forex market is also moved by the last records in Bitcoin - ever time high over $50000 and also the record Oil price since December 2019.
All these events may continue to support the Dollar in the next couple of hours. The tendency for Dollar recovery may stop on Wednesday (Feb 17th 2021) when World-Signals.com plans to start into long positions with a new target of 50-80 pips above or close to today's pick at 1.2169.
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Old 25-02-2021, 16:00
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Default Re: World-Signals Forex Daily Analysis

The Trading Strategy of EURUSD is to use long positions again.
EURUSD to test the record levels since the beginning of January 2021 at 1.2349. The test of the highest level this year and at all since April 2018 is on the way to happen next week.
Few hours earlier we saw very good economic news for the United States but nevertheless these news did not support the Dollar. The positive report for Durable Goods orders from 1.2% to 3.4% was not accepted by the investors and even the good decline of Initial Jobless Claims to 730K from 841K.
Till the end of the week we do not expect key fundamental reports. Next week on Friday we can see the key U.S. Non-farm report as the expectations are to see a report at 110K from 49K prior month.
The trading strategy of World-Signals.com is to trade into long positions. After a short correction down to 1.2150/60 we expect to see a test of 1.2349 and probably break above towards 1.24.
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