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Price & Time: Sell GBP/USD Next Week?
EUR/USD has come under modest downside pressure since failing earlier this week near the 38% retracement of the year’s range at 1.3685 Our near-term trend bias is lower in the Euro while below 1.3800 The 1.3540 area remains a critical near-term pivot with weakness below this level needed soon to prompt a continuation of the downtrend The latter half of next week looks to be the next important cycle turn window Only a close over 1.3800 would turn us positive on the Euro XAU/USD closed over the 1247 2nd square root relationship of the 2013 low on Monday Our near-term trend bias is higher in the metal while above 1213 ... (full story)
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- Bull n Bear
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