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Weekly Forex Forecast (July 16 - 20, 2018)
Despite a strong stand from buyers on Friday, the EURUSD lost ground last week for the first time since the week of June 10th. Sellers were also able to close the single currency back below the pivot at 1.1720. That may not mean a whole lot, though. Since May 21st, the pair has traded above and below this level on several occasions. So while it is a significant level, it won’t give us any hints as to the likely future direction for the pair. But let’s discuss Friday’s bullish pin bar for a moment as I have no doubt it’s on everyone’s radar. During the second half of Friday’s session, the pair caught a ... (full story)