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EUR/USD Forecast – Uncertainty Continues to Dominate EUR/USD Trade
Another low volatility trading day for the EUR/USD. As of this writing the pair looks like it may finish inside the prior days range, and certainly stay within a four-day range with a high of 1.0663 and a low of 1.0576. Further, it remains inside the prior week’s high to low price range. Just remember, low volatility is followed by an increase in volatility. chart Last Friday the EUR/USD broke down out of a bearish rising wedge pattern but has since gone relatively sideways. It continues to hold above support of the long-term downtrend line. That line was exceeded to the upside only six days ago. So, the current ... (full story)