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Weekly Forex Forecast: EURUSD, GBPUSD, USDCAD, EURJPY and GBPNZD
The focus for those trading EURUSD seems to have moved from Greece to China and back again. However in recent weeks those concerns seem to have developed into more of a global affair as we have seen risk-sensitive currencies sell off across the board. During the first half of Friday’s session it appeared as though the pair was ready to break to the upside. But it didn’t take long for the US dollar to come roaring back, eventually causing the pair to close 130 pips below the day’s high. Although EURUSD remains pressured to the downside, the pair lacks follow-through, keeping me on the sidelines for now. As ... (full story)