This daily analysis discusses forex where market movements are influenced by the euro zone currency which has weakened due to the impact of the strengthening of the US Dollar. The strengthening of the US currency was supported by good economic data released, namely the Flash Manufacturing PMI released 56.7 higher than expectations of 52.5 and the previous month 53.4, as well as Flash Services PMI data released 57.7 higher than expectations of 55.8 and the previous month 56.9. In addition to the unclear Brexit problem and the increasing number of Corona patients in the European region, the euro is increasingly depressed. In addition, the lockdown in most eurozone countries is still in place, contributing to the weakening of the Euro.

Daily Analysis

   Today's FOREX prediction on the EURUSD pair is expected to continue the decline, and the recommended OP (Open Position) is SELL at the level of 1.18300, with a Target Profit (TP) of 10-20 points and a Stop Loss of 5-10 points.
Preference BEARISH
Target Profit 1 1,18200
Target Profit 2 1,18100
Stop Loss 1 1,18350
Stop Loss 2 1,18400
That's all for the daily analysis of forex this time, still prioritize Money Management and Risk Management in trading. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check out the GIC Indonesia Youtube account which is full of a lot of information, and follow our Instagram account to get information about various interesting webinars that you can participate in.