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Weekly Forex Forecast
The euro went back and forth last week, which is not a huge surprise considering that we have been moving on the latest rumors or blurbs from the Ukrainian frontier. Ultimately, this is a market that looks as if it is trying to form some type of trading range that we can get involved in, with the 1.15 level above offering obvious resistance, and the 1.12 level underneath being an area of support. Keep in mind that depending on whether the news is good or bad, that will either lift or sink this market. The tensions calming down in Ukraine would of course help this market, but I do not know how much further we can go ... (full story)