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Weekly Forex Forecast (July 31 – August 4, 2017)
EURUSD bulls look poised for further gains this week after holding above the 1.1670 handle last week. They also held prices above the 1.1610 level between Monday and Wednesday which ultimately triggered a weekly close of 1.1745. As long as the 1.1670 handle holds on a daily closing basis, the pressure will remain to the upside. The next key resistance level from here comes in at the 2010 low of 1.1875. I had previously mentioned the 1.1710 handle as a key level to keep in mind. However, the final 48 hours of last week illustrated that 1.1710 was not as strong as I thought it might be. From here, any rotation lower ... (full story)