DAILY FOREX TRADING OUTLOOK FOR 20/02/2019

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GBP/USD bullishly exploded today.There was a bearish pinbar that was formed last week which clued us to a short term bearish moves.The pinbar has failed, hence a change of bias from bearish to bullish.A failed pin bar has a lot to clue us into a change in momentum bias.The short term bearish moves from the failed pinbar was actually a 50% Pullback to mean/value.

Our Bias is now bearish, relevant key levels ahead-1.3200

EUR/AUD continues the slow bearish moves and formed a small bearish pin bar. Our bias on this setup is largely Bearish.The relevant key horizontal support zone is 1.57227

EUR/USD formed a bullsh pinbar at key support level at 1.3000.We anticipate a change of momentum to bulish.

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