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The Week Ahead: Week of October 5, 2015
EUR/USD ticked higher last week, helped along by Friday’s weaker-than-expected NFP report out of the US. Meanwhile, the secondary indicators are mixed, with the MACD below its signal line but above the “0” level and the Slow Stochastics solidly in neutral territory. As of writing, the pair is flirting with its two-week high at 1.1300, but if that level is eclipsed, a return back toward key previous resistance at 1.1450 could be in play. GBP/USD dipped down to a fresh 5-month low last week, but was finally able to break its losing streak and rally into the close. Not surprisingly, the MACD is showing strongly ... (full story)