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Weekly Forex Forecast (September 18 – 22, 2017)
EURUSD bulls clung to the 1.1875 area once again last week. The level capped the advance in early August until buyers were able to break through on the 25th of last month. Since that time 1.1875 has attracted bids on August 31st and again on Thursday of last week. Although the uptrend is technically still intact, the momentum seems to be fading. Euro bulls have struggled to carve higher highs in recent weeks, and 1.1875 support has been a magnet for price action. With the way things are currently progressing, we could see a third retest of the 1.1875 handle as early as this week. Buyers will likely make another stand ... (full story)