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Weekly Forex Forecast for August 24 – 28, 2020

From dailypriceaction.com

The EURUSD weakened on Friday after what appears to be a false break above 1.1900 between Tuesday and Wednesday. I wrote about the potential for weakness during Wednesday’s session. All of this comes following a 500+ pip rally that DPA members and I took advantage of starting on July 7th. That’s when I went long. I exited that long position last week following the daily close back below 1.1900. I also got short last week, which I announced to members. That short position is up just over 40 pips as of Friday’s close. The price action between Monday and Tuesday will determine whether or not I hold the short trade for ... (full story)

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  • Category: Technical Analysis