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EUR/USD forecast: August 26
H4 graph The pair is consolidating in the range between two levels, 1.4385 and 1.4225, at the crossing of “E” and “Z” trend lines. The market is still following sideways daily trend, for this reason we can expect it to touch either the higher or the lower trend boundary. As a result, there are currently 2 possible variants of events to proceed: 1. The pair rises above level 1.4385 (above the “a-a+” sideways trend) and gets to the higher bound of daily sideways trend, level 1.4490 (“C+” trend line). 2. The pair drops below level 1.4225 (red dotted line) and gets down to level 1.4075 (“P” trend ... (full story)