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EURUSD Testing Ichimoku – Forex Economic Update
It's the final week of summer and EURUSD testing Ichimoku with a potential renewed bearish sentiment. Is the new sentiment enough to breakthrough? Also what's up on the economic calendar on the final days of August? The US dollar had an impressive jump on Friday as a December rate hike possibility rose after Janet Yellen’s speech in Jackson Hole. The EUR/USD pair dived down breaking below our first pivot at 1.1220. It tested the upper band of Ichimoku cloud on Monday forming a spinning top candlestick chart pattern. This is not yet a confirmed bearish signal for long term traders. Only a break below the Ichimoku ... (full story)
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Gregory D. Alexandr