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Weekly Forex Forecast (September 10 - 14, 2018)
On Friday, I explained how the EURUSD has been indecisive but technically sound. In other words, there’s no clear directional bias, but the pair is respecting support and resistance areas. In last Sunday’s forecast, I pointed out support at 1.1530. I also highlighted the 1.1640/50 resistance area. You can see from the chart below how the Euro respected both areas last week. Friday’s session brought the single currency back to 1.1550, just 20 pips above 1.1530 support. As such, I wouldn’t be surprised to see an early retest of 1.1530 this week. But just as I mentioned on Friday, it’s going to take a daily ... (full story)
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- Sep 9, 2018 5:58pm Sep 9, 2018 5:58pm
- Newstart08
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- greendiesel
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- Sep 12, 2018 12:18am Sep 12, 2018 12:18am
- Newstart08
- | Joined Sep 2008 | Status: Member | 255 Comments